Shiba

bullish

Rally

Shiba Inu

<p>Crypto analyst Javon Marks sees potential for <a href="https://captainaltcoin.com/?s=SHIB&amp;post_type=post" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> to surge over 215% based on technical analysis shared on X. The meme token has broken out of its downtrend with a 162% gain, while displaying bullish divergence patterns that suggest further upward momentum.</p>
<h2 class="wp-block-heading" id="strong-shib-s-technical-analysis-points-to-major-resistance-level-strong"><strong>SHIB’s Technical Analysis Points to Major Resistance Level</strong></h2>
<p>The analysis revealed a clear breakout from SHIB’s previous downtrend after substantial consolidation at lower price levels.&nbsp;</p>
<p>Volume data showed increased trading activity during the breakout phase, lending credibility to the upward move. The token successfully retested previous resistance zones around $0.00001, which now serve as support levels.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!<br><br>This divergence can suggest an over 75% move above the 2024 Highs but that… <a href="https://t.co/pKDT2dWaUn" target="_blank" rel="noopener noreferrer nofollow">https://t.co/pKDT2dWaUn</a> <a href="https://t.co/0L7gwCcSAf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0L7gwCcSAf</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1861267254056223080?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Market charts indicate the formation of a cup and handle pattern, typically associated with continuation of bullish trends. The RSI indicator demonstrates upward momentum following the divergence pattern identified in the analysis.&nbsp;</p>
<p>Per price data from CoinGercko, <a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="noopener noreferrer nofollow">SHIB trades at $0.00002499</a>. The <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> token has dipped in value over the last day and week with its trading volume at $1,604,288,114.</p>
<p><strong><em>Read also: <a href="https://captainaltcoin.com/cardano-ada-or-ripple-xrp-who-will-get-to-2-first-analyst-has-a-winner/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) or Ripple (XRP) – Who Will Get to $2 First? Analyst Has a Winner</a></em></strong></p>
<h2 class="wp-block-heading" id="strong-hidden-bullish-divergence-signals-strength-strong"><strong>Hidden Bullish Divergence Signals Strength</strong></h2>
<p>Marks identified a hidden bullish divergence on both price action and RSI indicators. The pattern shows SHIB creating higher price lows while the RSI registers lower lows, suggesting underlying strength in the token’s performance. This technical setup forms part of the basis for the projected 215% rally to $0.000081.</p>
<p>The analysis establishes $0.000081 as the primary breakout target, representing a potential 215% increase from current levels. Support remains established at $0.000005, with the analysis suggesting this level must hold to maintain the bullish outlook.&nbsp;</p>
<p>The chart structure shows multiple resistance zones before reaching the ultimate target, with an intermediate move of 75% above 2024 highs predicted along the way.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/meme-coin-trader-predicts-a-3x-shiba-inu-shib-price-rally-heres-the-outlook/" rel="noopener noreferrer nofollow">Meme Coin Trader Predicts a 3x Shiba Inu (SHIB) Price Rally – Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Meme Coin Trader Predicts a 3x Shiba Inu (SHIB) Price Rally – Here’s the Outlook

Table of Contents

CaptainAltcoin

Other articles published on Nov 26, 2024

Ripple Collaborates with Archax to Tokenize Abrdn’s £3.8B Liquidity Fund on XRP Ledger

Justin Sun’s Tron DAO Invests $30M in Trump-Backed WLFI Protocol

Fantom FTM Price eyes $1.20 with 50% jump last week

FCA Targets 2026 for UK Crypto Regulation as 7 Million Users Drive Demand

Swan Bitcoin Sues Law Firm Gibson Dunn Over Alleged Conflict of Interest with Tether

Floki Takes Valhalla to India with Ambitious Marketing Campaign

Join our free newsletter for daily crypto updates!