Shiba

bullish

Momentum

Shiba Inu

<ul class="wp-block-list">
 <li>Shiba Inu's breakout patterns suggest strong bullish momentum, with a possible climb to $0.000081, a 180% gain.</li>  
 <li>Fibonacci levels at $0.00002957 and $0.00003104 are key resistance zones shaping $SHIB's next upward move.</li>  
 <li>Rising volume during breakouts and renewed buying interest hint at sustained bullish activity for $SHIB's recovery.</li> 
</ul>  
<p>Shiba Inu ($SHIB) continues to showcase <a href="https://cryptofrontnews.com/xrps-wave-4-analysis-reveals-4-5-short-term-targets-larger-projections-ahead/" rel="noopener noreferrer nofollow">bullish momentum</a>, according to analyst Javon, who has identified notable patterns indicating a potential climb. Recent price movements suggest an ongoing uptrend, supported by confirmed breakouts.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/JavonTM1/status/1866863114106589234
 </div>
</figure>  
<p>Javon emphasizes that a significant upside move could unfold, with a target of $0.000081 implying a gain exceeding 180%. Observations point to strong buyer interest and technical patterns aligning to support further price increases.</p>  
<h2 class="wp-block-heading" id="key-trends-highlight-upward-potential">Key Trends Highlight Upward Potential</h2>  
<p>Javon highlighted a sharp <a href="https://cryptofrontnews.com/pepe-breaks-out-with-bullish-momentum-analysts-predict-massive-price-upside/" rel="noopener noreferrer nofollow">upward breakout</a> that followed a consolidation phase. This movement emerged from a triangular formation, which historically signals high volatility. Post-breakout, the price demonstrated robust momentum, further reinforced by consistent higher highs and higher lows.</p>  
<p>Notably, an extended period of consolidation appeared, forming a descending triangle. While typically bearish, this setup led to another breakout, reflecting resilience in market demand. Subsequent price action included a pullback labeled as "Bull Confirmation," suggesting it was a temporary retracement within the prevailing uptrend.</p>  
<h2 class="wp-block-heading" id="fibonacci-levels-indicate-crucial-price-zones">Fibonacci Levels Indicate Crucial Price Zones</h2>  
<p>The Fibonacci retracement analysis highlights key support and resistance levels influencing $SHIB’s movement. After reaching a peak around $0.00003341, the <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">price</a> pulled back to align with the 0.618 retracement level at $0.00002719. This level served as a strong base before a rebound began.</p>  
<figure class="wp-block-image size-large"><img src="https://cryptofrontnews.com/wp-content/uploads/2024/12/SHIBUSDT_2024-12-12_09-30-44-1024x466.png" alt="Shiba Inu Uptrend Gains Momentum as Analyst Predicts Over 180 Percent Potential Surge" class="wp-image-6925">
 <figcaption class="wp-element-caption">
  Source: <a href="https://cryptorank.io/price/shiba-inu/full-feature-chart" target="_blank" rel="noopener noreferrer nofollow">CryptoRank</a>
 </figcaption>
</figure>  
<p>Currently, $SHIB is testing the 0.382 level at $0.00002957, a critical threshold. A break above this could propel the price toward the 0.236 level at $0.00003104. On the downside, a failure to sustain above $0.00002838, aligned with the 0.5 retracement level, may lead to a deeper retracement.</p>  
<h2 class="wp-block-heading" id="momentum-and-volume-support-the-bullish-case">Momentum and Volume Support the Bullish Case</h2>  
<p>Javon’s analysis noted that <a href="https://cryptofrontnews.com/floki-inu-floki-breakout-hints-at-major-bullish-surge-backed-by-rising-trading-volume/" rel="noopener noreferrer nofollow">trading volume</a> surged during breakout phases, signaling strong buyer activity. In contrast, volumes remained subdued during pullbacks, indicating limited selling pressure. An accumulation/distribution indicator also suggests renewed buying interest as the price recovers.</p>  
<p>Support levels at $0.00002838 and $0.00002719 remain crucial for maintaining bullish momentum. Resistance zones, notably at $0.00002957 and $0.00003104, could define the next targets. These levels and indicators underline the ongoing recovery and potential for continued gains.</p>

Shiba Inu Uptrend Gains Momentum as Analyst Predicts Over 180 Percent Potential Surge

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