Shiba

bullish

Memecoin

Shiba Inu

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
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   <li>Shiba Inu price soared ~33% this month.</li>   
   <li>SHIB Memecoin forms a bullish flag pattern in the daily time frame.</li>   
   <li>The EMA 50/200-day and MACD indicators record a mixed price sentiment.</li> 
  </ul>   
  <p>The Bitcoin price has recorded a new ATH today. However, the memecoin market has experienced a mixed price action with top memecoins recording a notable correction in their respective valuations.</p>   
  <p>With the current market sentiments, is this memecoin preparing for a strong breakout rally? Or will the price lose momentum and plunge toward its lower support levels? In this article, we have covered the short-term price possibilities of the 2nd largest memecoin.</p>   
  <h2 class="wp-block-heading" id="h-shib-memecoin-forms-a-flag-pattern">SHIB Memecoin Forms A Flag Pattern!</h2>   
  <p>With a 24-hour trading volume of $1.193 billion, the Shiba Inu price has recorded a correction of 1.58% in valuation. With this, the SHIB memecoin has formed a flag in the daily time frame.</p>   
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   <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20171802/Shiba-Inu-Price-Analysis-20th-November-2024-1024x564.webp" alt="SHIB Memecoin Forms A Flag Pattern!" class="wp-image-382453">
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    TradingView: SHIB/USDT
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  <p>On the longer-term perspective, this meme coin has soared 31.04% during the last 30 days and has a Year-to-Date (YTD) return of 137.86%. With a market capitalization of $14.494 billion, it has secured the 12th position in the market.</p>   
  <h2 class="wp-block-heading" id="h-shiba-inu-technical-sentiments">Shiba Inu Technical Sentiments</h2>   
  <p>The EMA 50/200-day has displayed a constant rise after recording a Golden Cross in the daily time frame. This indicates a positive outlook for the meme coin in the upcoming time.</p>   
  <p>However, the Moving Average Convergence Divergence’s (MACD) constant decline in the SHIB price chart with its averages on the verge of experiencing a bearish convergence, suggests a mixed price sentiment for the Shiba Inu token in the market.</p>   
  <h2 class="wp-block-heading" id="h-how-high-will-shib-meme-coin-go">How High Will SHIB Meme Coin Go?</h2>   
  <p>If the bulls regain momentum above its support level of $0.00002350, the Shiba Inu price will head toward its resistance level of $0.00003080. Furthermore, if the bullish sentiment intensifies, this memecoin could retest its upper resistance level of $0.00003800.</p>   
  <p>On the flip side, if the bears gain control, the SHIB coin price may retest its support level of $0.00002350. Moreover, if the bears outrun the bulls, the Shiba Inu price will plunge toward its lower support level of $0.0000170 during the upcoming time.</p>   
  <p>Curious to know if this memecoin will strike out one more zero soon. Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" target="_blank" rel="noreferrer noopener">Shiba Inu Price Prediction</a> and subscribe to us to stay updated on the latest crypto news!</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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   <div class="schema-faq-section" id="faq-question-1732103164368">
    <strong class="schema-faq-question"><strong>How much is a Shiba Inu worth today?</strong></strong> 
    <p class="schema-faq-answer">With an intraday drop of ~2%, the SHIB price is worth $0.00002459.</p> 
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   <div class="schema-faq-section" id="faq-question-1732103165704">
    <strong class="schema-faq-question"><strong>Can SHIB reach $1 by 2030?</strong></strong> 
    <p class="schema-faq-answer">It is highly unlikely for the Shiba Inu memecoin to hit the $1 mark.</p> 
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   <div class="schema-faq-section" id="faq-question-1732103166305">
    <strong class="schema-faq-question"><strong>What will Shiba be worth in 2025?</strong></strong> 
    <p class="schema-faq-answer">If the bullish sentiment sustains, this memecoin may go as high as $0.00006392 during 2025.</p> 
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Shiba Inu Price Hints Bullish Reversal, Eyes To Hit $0.000030?

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