Shiba

Based

Shiba Inu

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<p>The crypto market is experiencing volatility amid the US elections. The BTC price is back to $68k as the FUD surges. Under such conditions, SHIB and MOG are rising against the bearish tide, with intraday gains teasing the continuation of the uptrend.&nbsp;</p>  
<p>With a golden crossover in SHIB and MOG ready for a bullish comeback, is it the best time to buy meme coins? Find out now in Coinpedia’s SHIB and MOG price analysis anticipating a Moonvember rally.</p>  
<h2 class="wp-block-heading" id="h-mogcoin-mog-ready-for-cup-and-handle-breakout-rally">Mogcoin (MOG) Ready For Cup and Handle Breakout Rally?</h2>  
<p>Despite the bullish failure to give a rounding bottom breakout rally, the underlying bullish support in MOG Coin is teasing a Cup and Handle pattern formation. The bullish failure to surpass the $0.000002354 mark led to a pullback to the 50-day EMA near $0.000001631.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/05120010/image-49-1024x509.png" alt="MOG price chart" class="wp-image-375930">
</figure>  
<p><a href="https://www.tradingview.com/x/p1T9OBS0/" target="_blank" rel="noopener noreferrer nofollow">Trading</a><a href="https://www.tradingview.com/x/p1T9OBS0/" rel="noopener noreferrer nofollow">view</a></p>  
<p>This has created a double bottom pattern, with the dynamic average line as the baseline. The neckline for the double bottom stands at the $0.0000020 psychological mark.&nbsp;</p>  
<p>With an intraday gain of 6.13%, MOG Coin computes an Evening Star pattern near the 50-day EMA. This increases the possibility of a bullish reversal. Furthermore, it increases the credibility of the double bottom pattern.&nbsp;</p>  
<p>Currently, it is trading at $0.000001814, above the 78.60% Fibonacci level. Furthermore, supporting the bullish comeback chances, the MACD and Signal lines reveal an uptick and tease a positive crossover as the bearish histograms decline.&nbsp;</p>  
<p>Based on the Fibonacci levels, the uptrend double-bottom breakout rally will likely surpass the neckline at the 100% Fibonacci level at $0.000002354. Based on the Fibonacci levels, the uptrend will likely reach the 1.618 Fibonacci level at $0.0000049.&nbsp;</p>  
<p>Hence, the possibility of MOG Coin reaching the $0.0000050 psychological mark will significantly increase with the Cup and Handle Breakout Rally. The price target shows an upside of 175% from the current market price.</p>  
<h2 class="wp-block-heading" id="h-morning-star-brings-double-bottom-for-shiba-inu">Morning Star Brings Double Bottom for Shiba Inu?</h2>  
<p>With the Falling Channel Breakout Rally struggling to gain momentum, the SHIB price consolidates near the 23.60% Fibonacci level. Due to the consolidation, the 50-day and 200-day EMAs have merged and are struggling to give a golden crossover.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/05120008/image-48-1024x509.png" alt="SHIB price chart" class="wp-image-375929">
</figure>  
<p><a href="https://www.tradingview.com/x/zAJFyOnQ/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a></p>  
<p>However, the recent Morningstar pattern with an intraday gain of 2.49% teases a bullish comeback. This also increases the possibility of a double-bottom reversal. The daily RSI line shows a bullish divergence, supporting the double-bottom reversal and increasing the upside chances.&nbsp;</p>  
<p>Considering the broader market recovers, the SHIB price will likely challenge the 50% Fibonacci level for a breakout rally. Considering that the Moonvember rally will propel the Shiba Inu price higher, the bull run could reach the 100% Fibonacci level at $0.00003591.</p>  
<p>Hence, despite the short-term selling in the broader market, SHIB and MOG price analysis reveals a massive upside for the meme coins.&nbsp;</p>  
<p>Also read: <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu price prediction </a>2024-2030.</p>  
<h2 class="wp-block-heading" id="h-faqs"><br>FAQs</h2>  
<h3 class="wp-block-heading" id="h-will-the-mog-coin-price-reach-0-0000050">Will the MOG Coin price reach $0.0000050?</h3>  
<p>If the broader market continues to head higher, the $0.000002354 breakout will likely push the MOG coin to $0.0000050.</p>  
<h3 class="wp-block-heading" id="h-will-shiba-inu-reclaim-0-000020">Will Shiba Inu Reclaim $0.000020?</h3>  
<p>As the meme coin prepares for trend reversal, it should reclaim the $0.000020 mark before the end of 2024.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-what-s-the-downside-risk-in-shiba-inu">What’s the downside risk in Shiba Inu?</h3>  
<p>Based on the current price action, a breakdown below $0.00001633 will test the $0.000015 mark, a ~13% from the current market price.&nbsp;</p>

Meme Coins Rising: SHIB and MOG Set for Moonvember Rally?

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