Shiba

bullish

Momentum

Shiba Inu

Coin

<p><a href="https://captainaltcoin.com/?s=SHIB&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) meme coin</a> price action has been of interest to market enthusiasts once again. According to crypto analyst Javon Marks, SHIB may be poised for a price surge following a breakout from a Falling Wedge pattern.&nbsp;</p>
<p>Apart from this technical pattern, which is generally seen as positive, it shows SHIB’s possible upward trend with a 342% rise possible. Marks emphasized in a tweet SHIB’s breakthrough and its possibility to reach a target price of $0.000081.</p>
<h2 class="wp-block-heading" id="strong-shib-pattern-indicates-bullish-momentum-strong"><strong>SHIB Pattern Indicates Bullish Momentum</strong></h2>
<p>A Falling Wedge pattern is typically seen as a sign of a reversal from a downtrend to an uptrend. In Shiba Inu’s case, the recent price movement within this pattern has now led to a breakout.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> (Shiba Inu) – <br><br>Are you prepared for $0.000081!?<br><br>With SHIB broken out of a recent Falling Wedge pattern and a much larger (unpictured) resisting trend, an over 342% run from here to it could happen ASAP, and this falling wedge break may only help spark the process <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9e8.png" alt="🧨" class="wp-smiley" style="height: 1em; max-height: 1em;">! <a href="https://t.co/wSz2eVepSp" target="_blank" rel="noopener noreferrer nofollow">https://t.co/wSz2eVepSp</a> <a href="https://t.co/eefYqFGg1N" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/eefYqFGg1N</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1844779511864266898?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 11, 2024</a>
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<p>Marks’s analysis suggests that this breakout could trigger a strong upward movement in the coming days. The wedge’s structure, with converging trend lines and downward price action, often signals a bullish reversal when broken to the upside.</p>
<p>Moreover, Marks also pointed out that <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> has broken out of a larger resistance trend, which he believes could amplify the bullish momentum. This has led him to predict a price increase of over 342%, potentially bringing SHIB to the $0.000081 mark.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-ethena-ena-price-up/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Ethena (ENA) Price Up?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-javon-marks-s-tweet-adds-to-market-buzz-strong"><strong>Javon Marks’s Tweet Adds to Market Buzz</strong></h2>
<p>Javon Marks shared his analysis on X, stating, <em>“$SHIB has broken out of a recent Falling Wedge pattern, and a 342% run could happen.”</em> The tweet has sparked conversation among traders, with many speculating on the potential upward movement.</p>
<p>Marks also mentioned a larger resistance trend, though not shown in his tweet, that SHIB has surpassed. This breakout, combined with the Falling Wedge pattern, is driving bullish sentiment for the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin.&nbsp;</p>
<p>However, traders are reminded that while technical analysis can be a useful tool, market conditions can shift quickly.</p>
<p><a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu trades at $0.00001788</a>, with a daily trading volume of over $626 million, according to CoinGecko. This marks a 5.75% increase in the last day, with SHIB gaining 1.45% over the past week.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-shib-meme-coin-price-could-move-342-soon-heres-how/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Meme Coin Price Could Move 342% Soon: Here’s How</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu (SHIB) Meme Coin Price Could Move 342% Soon: Here’s How

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