Shiba

bullish

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Shiba Inu

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<p>The price of <a href="https://captainaltcoin.com/shiba-inus-50-surge-signals-start-of-2x-rally-expert-predicts-heres-his-outlook/" target="_blank">Shiba Inu (SHIB) </a>has experienced a near 20% climb from its weekly low, signaling growing bullish potential. Besides, recent technical indicators suggest an encouraging outlook for the token.&nbsp;</p> 
<p>Coinpedia Market and top analyst Clifton Fx highlight key patterns and potential levels to watch, pointing to SHIB’s possible upward trajectory in the near term.</p> 
<h2 class="wp-block-heading" id="strong-shib-eyes-golden-crossover-and-double-bottom-formation-strong"><strong>SHIB Eyes Golden Crossover and Double Bottom Formation</strong></h2> 
<p>Per Coinpedia, <a href="https://www.tradingview.com/chart/SHIBUSDT/oQWfLBRC-Will-Shiba-Inu-Reach-0-000035/" target="_blank" rel="nofollow">Shiba Inu’s price movement</a> shows a convergence between the 50 and 200-day SMAs, which could result in a golden crossover. This technical signal is often viewed as a bullish indicator.&nbsp;</p> 
<p>Moreover, this suggests that SHIB might maintain upward momentum if the crossover is completed.&nbsp;</p> 
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 <img loading="lazy" decoding="async" width="1024" height="392" src="https://captainaltcoin.com/wp-content/uploads/2024/10/12-1024x392.png" alt="" class="wp-image-575967" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/12-1024x392.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-300x115.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-765x293.png 765w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-1536x588.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-2048x784.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-392x150.png 392w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-914x350.png 914w, https://captainaltcoin.com/wp-content/uploads/2024/10/12-788x301.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/12.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <strong><em>Source: Coinpedia</em></strong>
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<p>Further reinforcing this trend is the double bottom pattern identified at the 23.60% Fibonacci level ($0.00001633), which has bolstered the recent uptrend. The double bottom serves as a reversal signal, giving traders additional confidence in a continued rally for SHIB.</p> 
<p>SHIB’s Fibonacci retracement levels also reveal further upside targets. Coinpedia analysts&nbsp;note that an immediate target lies at the 50% Fibonacci level ($0.00002144). Besides, SHIB has te potential to reach higher levels, around $0.00003591, if the bullish momentum continues.</p>  
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-whales-are-manipulating-kaspa-kas-price/" target="_blank"><strong><em>Here’s Why Whales Are Manipulating Kaspa (KAS) Price</em></strong></a>&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-broader-market-sentiment-supports-potential-shib-gains-strong"><strong>Broader Market Sentiment Supports Potential SHIB Gains</strong></h2> 
<p>Broader market perception may also play a role in SHIB’s price performance. With increased positivity across the crypto sector, it potentially adds strength to the token’s gains.&nbsp;</p> 
<p>As the crypto market recovers, <a href="https://u.today/shiba-inu-price-on-verge-amid-800-billion-shib-whale-sell-off" target="_blank" rel="nofollow">SHIB’s price</a> could benefit from renewed investor interest and broader support for meme-based coins.</p> 
<p>Crypto analyst Clifton Fx recently observed a bullish flag formation on SHIB’s 3-day chart. According to Clifton Fx, an upside breakout from this formation could trigger a substantial rally, with gains estimated between 80% and 90%.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> (Update)<br><br>Bullish Flag Formation in 3d Timeframe…<br><br>In Case of Upside Breakout We Can See a 80 – 90% Bullish Rally<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/SHIBUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SHIBUSDT</a> <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SHIB</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Crypto</a> <a href="https://t.co/aELvv9eNc0" target="_blank" rel="nofollow">pic.twitter.com/aELvv9eNc0</a></p>— Clifton Fx (@clifton_ideas) <a href="https://twitter.com/clifton_ideas/status/1851982712711844022?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 31, 2024</a>
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<p>The flag formation is considered a continuation pattern, where the breakout generally aligns with the prior trend—in this case, a positive trend for SHIB.</p> 
<h2 class="wp-block-heading" id="strong-current-market-overview-and-shib-s-trading-volume-strong"><strong>Current Market Overview and SHIB’s Trading Volume</strong></h2> 
<p>Based on data from CoinGecko, <a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="nofollow">SHIB trades at $0.0000185</a> reflecting a minor 0.55% dip over the past day. It has risen by 4.29% across the week though.&nbsp;</p> 
<p>The token’s daily trading volume stands at $599,154,024, highlighting market activity and continued investor engagement with SHIB despite shifts lately.</p> 
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<p>The post <a href="https://captainaltcoin.com/this-shiba-inu-indicators-signal-bullish-rally-shib-price-could-pump/">This Shiba Inu Indicators Signal Bullish Rally; SHIB Price Could Pump</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This Shiba Inu Indicators Signal Bullish Rally; SHIB Price Could Pump

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