Shiba Inu

<a href="https://cryptotale.org/a-detailed-review-on-shiba-inu-ecosystem/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is showing signs of a potential breakout, according to market watchers. The last 24 hours saw an increase of SHIB token price by more than 8% to <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">$0.00002603</a>, making its market capitalization $15.34 billion. Traders have been looking at the higher lows on the SHIB chart, which provide further levels of support. Some eye a massive pump that may propel the SHIB token to even greater extended heights.<a href="https://cryptotale.org/shib-whale-transfers-100b-tokens-to-gemini-after-8-months/" rel="noopener noreferrer nofollow">SHIB</a> continues to be quite active in the market. The daily trading volume has reached $3.37 billion, a decrease of 25.9%. Despite the decline in trading volume, SHIB maintains notable interest as traders await further price action. According to the SHIB KNIGHT, SHIB has been making a series of higher lows that are typical before a breakout.Technical indicators support the possibility of a breakout. The chart displays a descending trendline, with SHIB attempting to break through. A breakout past this trendline could indicate further bullish momentum. SHIB’s higher lows form a classic “cup” shape, a bullish pattern that suggests a potential price surge. If SHIB manages to break above the trendline, analysts expect increased buying pressure.Shiba Inu has been pushed higher in the ranking of the cryptocurrency market to become a crypto asset in 11th place. Its upswing stems from increased demand for such memecoins, with Shiba Inu trending among retail traders. The new upswing of SHIB has been brought amid a favorable crypto market environment, with other meme coins like Dogecoin also seeing increased interest.<a href="https://cryptotale.org/shiba-inu-poised-for-breakout-amid-bullish-chart-pattern/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Shiba Inu Poised for Breakout Amid Bullish Chart Pattern

CryptoTale

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