Shiba

bullish

Dogecoin

Shiba Inu

Higher

<ul class="wp-block-list">
 <li>Shiba Inu shows bullish signals, with increased buying pressure and key resistance at $0.0000205.</li>  
 <li>A break above $0.0000205 could lead to a 40% price surge towards $0.0000295.</li>  
 <li>Higher OBV and strong support at $0.0000155 suggest a potential rally in the near future.</li> 
</ul>  
<p>Shiba Inu has been catching attention after breaking free from a long downtrend. Following a bullish shift earlier this year, the token now looks set for another rally. With buying pressure slowly rising, Shiba Inu seems ready to break through key resistance. Could a 40% surge be coming? Let’s dive into the key factors to watch for.</p>  
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<h2 class="wp-block-heading" id="h-a-bullish-breakout-brewing">A Bullish Breakout Brewing</h2>  
<p><a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a> has struggled with resistance around $0.0000205 for some time. After breaking out of a descending wedge pattern earlier, the outlook became much more bullish. Buying pressure has increased steadily, signaling a strong potential move upwards.</p>  
<p>Shiba Inu experienced a massive 389% rally back in February and March. Since then, selling pressure and a bearish market led to a downtrend. However, the $0.0000155 region has held up as strong support since mid-September. On the daily chart, the market structure looks bullish, which suggests further gains may be ahead.</p>  
<p>The <a href="https://www.investopedia.com/terms/o/onbalancevolume.asp" rel="noopener noreferrer nofollow">On-Balance Volume (OBV)</a> indicator has been showing higher lows over the past five weeks. This signals growing buyer strength, but a breakout is still not guaranteed. A strong move in Dogecoin or positive meme-related news could drive Shiba Inu past $0.0000205.</p>  
<h2 class="wp-block-heading" id="h-key-resistance-and-the-road-to-40-gains">Key Resistance and the Road to 40% Gains</h2>  
<p>Looking at <a href="https://cryptonewsland.com/shiba-inu-shib-shows-4-5x-signal/" rel="noopener noreferrer nofollow">SHIB’s technicals</a>, a recent heatmap reveals a cluster of liquidity between $0.00002 and $0.0000207. This is near Shiba Inu’s current price and hints at a possible retest of this area.</p>  
<p>A break past this resistance could lead to a major bullish move. If Shiba Inu breaks through $0.0000205, the next target is $0.0000295—roughly 40% higher.</p>  
<p>Shiba Inu’s surge will depend on more buying volume and a shift in market sentiment. Traders should keep an eye on these developments closely. A move past $0.0000205 could spark the next rally for Shiba Inu.</p>   
<p>The post <a href="https://cryptonewsland.com/shiba-inus-poised-for-a-breakout/" rel="noopener noreferrer nofollow">Shiba Inu Price Forecast: A 40% Surge Might Be Just Around the Corner</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Shiba Inu Price Forecast: A 40% Surge Might Be Just Around the Corner

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