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Shiba Inu

<p>According to the crypto analyst known as World of Charts, Shiba Inu (SHIB) has been trading within a <a href="https://enrichmoney.in/knowledge-center-chapter/descending-broadening-wedge-pattern" target="_blank" rel="noopener noreferrer nofollow">descending broadening wedge pattern</a> since March. It is currently showing signs of a potential breakout.</p>
<p>The analyst notes that <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">SHIB price</a> is currently testing the upper boundary of this wedge formation after a recent 50% price increase from its lows. A conclusive breakout above this trendline could confirm a bullish reversal and open the doors for further upside.</p>
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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="580" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-1024x580.png" alt="" class="wp-image-574562" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-1024x580.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-300x170.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-768x435.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-1536x870.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-2048x1161.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-265x150.png 265w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-100x57.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-618x350.png 618w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141-788x446.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1141.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Two price targets have been identified if the breakout is sustained. The first targeted a 58.39% increase, which has been fulfiled. The second, more ambitious target anticipates a 125.55% rally to around $0.00004393.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sui-partners-with-mls-for-new-digital-collectibles-experience/" target="_blank" rel="noopener noreferrer nofollow">SUI Partners with MLS for New Digital Collectibles Experience</a></em></strong></p>
<p>Downside risks remain if <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> fails to break out or encounters resistance. It could then consolidate further within the wedge pattern or see a pullback to the lower boundary.</p>
<p>In summary, the analyst believes SHIB’s 50% surge has the potential to be just the beginning of a larger rise, contingent on the cryptocurrency breaking convincingly above the descending wedge resistance to resume its upward trajectory.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inus-50-surge-signals-start-of-2x-rally-expert-predicts-heres-his-outlook/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) 50% Surge Signals Start of 2X Rally, Expert Predicts – Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu (SHIB) 50% Surge Signals Start of 2X Rally, Expert Predicts – Here’s His Outlook

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