Shiba

Shiba Inu

Daily

<p><strong>TL:DR;</strong></p>
<ul>
 <li>Shiba Inu surged on Sunday but retraced hard on Monday, alongside the rest of the market.</li>
 <li>However, certain analysts believe this could be the calm before the storm, and they even envision a new all-time high for the popular meme coin.</li>
</ul>
<p><a href="https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-366239" src="https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49.jpg" alt="" width="1201" height="720" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49.jpg 1201w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49-300x180.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49-1024x614.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49-768x460.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIB_CB-49-50x30.jpg 50w" sizes="(max-width: 1201px) 100vw, 1201px"></a></p>
<h2 id="shib-s-monday-downfall">SHIB’s Monday Downfall</h2>
<p><em>CryptoPotato</em> <a href="https://cryptopotato.com/shiba-inu-skyrockets-15-daily-amid-predictions-about-new-shib-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">reported</a> yesterday the positive price developments around the second-biggest meme coin. At the time, SHIB was the top performer from the larger-cap alts, having surged by over 15% on a 24-hour scale. As a result, SHIB skyrocketed to its highest levels since March this year of over $0.000033.</p>
<p>However, the entire crypto landscape changed on Monday, with many assets plunging hard. Bitcoin, for example, dumped from over $98,000 to under $95,000 amid some potential<a href="https://cryptopotato.com/btc-price-tumbles-below-important-support-level-are-whales-realizing-profits/" data-wpel-link="internal" rel="noopener noreferrer nofollow"> profit taking</a> from whales.</p>
<p>Shiba Inu’s largest native token was not spared either, dumping by nearly 10% on a daily scale to well below $0.00003. However, popular X analyst Diamond-Hands noted that SHIB’s correction could be over now, and the asset seems primed for a new wave up from this point.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Correction done on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a></p>
 <p>WE MIGHT GET ANOTHER WAVE UP FROM HERE <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#ShibaInu</a> <a href="https://t.co/Buw6BtI6CV" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Buw6BtI6CV</a> <a href="https://t.co/h6M0Uwz6jB" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/h6M0Uwz6jB</a></p>
 <p>— DIAMOND-HANDS (@TamngwaB) <a href="https://twitter.com/TamngwaB/status/1863512567617888722?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 2, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Ali, another well-known technical analyst, has $0.000037 in sight and <a href="https://x.com/ali_charts/status/1863227995445772676" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">believes</a> the asset could reach that level as long as it remains above the crucial support at $0.000025, which still holds.</p>
<p>Naturally, there are certain SHIB-related pages that continue to be <a href="https://x.com/ShibSpain/status/1863359560825680339" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">highly bullish</a> about the asset’s perspective in the near future, highlighting the potential of reaching a new all-time high. To do so, SHIB would need to triple its price from its current levels as its ATH stands at $0.00008616, according to CoinGecko.</p>
<h2 id="major-strength">Major Strength</h2>
<p>Javon Marks told his nearly 50,000 followers on X that the meme coin’s rally over the weekend had confirmed “another bull pattern,” which shows its potential to be “further joining the bull show.” As such, the analyst noted that $0.000081 is still in play, meaning that SHIB could soon indeed target that aforementioned ATH.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> (Shiba Inu), after recently confirming another bull pattern, looks to be further joining the bull show as prices are now showing signs of MAJOR STRENGTH!</p>
 <p>With holding breakouts implying that $0.000081 target to still be in play, these prices can be subject to another… <a href="https://t.co/CKpxZb7CMh" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CKpxZb7CMh</a> <a href="https://t.co/lu2QT5FzEg" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lu2QT5FzEg</a></p>
 <p>— JAVON<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1863027463988637923?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The post <a href="https://cryptopotato.com/heres-why-shiba-inus-shib-10-daily-correction-could-be-good-news-analysts/" rel="noopener noreferrer nofollow">Here’s Why Shiba Inu’s (SHIB) 10% Daily Correction Could be Good News: Analysts</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Here’s Why Shiba Inu’s (SHIB) 10% Daily Correction Could be Good News: Analysts

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