{"id":567893,"date":"2024-01-03T23:00:39","date_gmt":"2024-01-03T23:00:39","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=567893"},"modified":"2024-06-11T08:14:04","modified_gmt":"2024-06-11T08:14:04","slug":"100-surge-for-shiba-inu","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/shiba-inu-coin\/100-surge-for-shiba-inu\/","title":{"rendered":"Crypto Analyst Predicts 100% Surge For Shiba Inu, But There\u2019s A Roadblock"},"content":{"rendered":"

Through the rips and dips of the crypto market, the Shiba Inu price has been able to maintain a rather consistent bullish momentum<\/a>, something that cannot be said for a lot of cryptocurrencies. Given this sustained bullish sentiment, the meme coin is primed to be one of the assets to see a massive rally as the market inches toward another bear market. In the short term alone, pseudonymous crypto analyst MMBTtrader is predicting that the price will mount a 2x rally.<\/p>\n

Shiba Inu Price Ready To Rise 100%<\/h2>\n

In a recent analysis<\/a>, crypto analyst MMBTtrader reveals why they believe that the Shiba Inu price<\/a> is set to double.\u00a0 <\/span>As the chart shows, there has been a steady uptrend in the Shiba Inu price over the last few months, and even when the uptrend seemed to have come to an end, the SHIB price maintained a relatively high price compared to its October lows.<\/p>\n

Related Reading: 3 Under The Radar Altcoins Expected To Hit $100 Before The Bitcoin Halving<\/a><\/div>\n

This outperformance has continued into the new year as SHIB<\/a> was able to still maintain the $0.00001 level despite dips rocking the crypto market. This suggests that bulls have been able to successfully turn $0.00001 into support. In this scenario, it could easily become a launchpad for the price.<\/p>\n

\"Shiba<\/p>\n

Source: TradingView.com<\/pre>\n
The crypto analyst\u2019s prediction suggests that it could begin to range at its current price. However, once this ranging ends and accumulation is complete, this is where the real fun begins for the SHIB price when the rally is expected to begin.<\/p>\n
A bounce from here would see SHIB easily clear the $0.000014 level<\/a> with no hassle. However, the first roadblock lies just above here. In the event that Shiba Inu is quickly able to surmount the resistance at $0.0000143, another pump is expected that could lead up to $0.000018.<\/p>\n
Since there is no such thing as a single continuous upward movement, resistance is expected just below $0.000018. Nevertheless, this is the last resistance and if Shiba Inu climbs above this level, then it is expected to shoot above $0.00002, completing a 100% move from its current price.<\/p>\n
\"Shiba<\/p>\n
SHIB price at $0.0000094 | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
SHIB Sways Amid Market Uncertainty<\/h2>\n
In the weeks leading up to January, confidence around the potential approval of a Spot Bitcoin ETF was at an all-time high, with experts giving it a 95% chance of approval. However, this sentiment has begun to sway especially as BlackRock revealed it will be delaying its $10 million BTC purchase<\/a>.<\/p>\n
Related Reading: Dogecoin, Cardano, And Chainlink Get Special Listing From Binance<\/a><\/div>\n
As a result, the price of cryptocurrencies across the space declined rapidly and the Shiba Inu price<\/a> was not left out. SHIB finally lost its footing at $0.00001 for the first time in over two weeks, falling to the $0.000009 region once again.<\/p>\n
However, this is not out of the ordinary and could lead to the SHIB ranging and accumulation<\/a> that the crypto analyst outlines. In such a case, this could present a setup for a bigger price rally as expectations for a bull market grow high.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from DMARGE, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Through the rips and dips of the crypto market, the Shiba Inu price has been able to maintain a rather consistent bullish momentum, something that cannot be said for a lot of cryptocurrencies. Given this sustained bullish sentiment, the meme coin is primed to be one of the assets to see a massive rally as the market inches toward another bear market. In the short term alone, pseudonymous crypto analyst MMBTtrader is predicting that the price will mount a 2x rally. Shiba Inu Price Ready To Rise 100% In a recent analysis, crypto analyst MMBTtrader reveals why they believe that the Shiba Inu price is set to double.\u00a0 As the chart shows, there has been a steady uptrend in the Shiba Inu price over the last few months, and even when the uptrend seemed to have come to an end, the SHIB price maintained a relatively high price compared to its October lows. Related Reading: 3 Under The Radar Altcoins Expected To Hit $100 Before The Bitcoin Halving This outperformance has continued into the new year as SHIB was able to still maintain the $0.00001 level despite dips rocking the crypto market. This suggests that bulls have been able to successfully turn $0.00001 into support. In this scenario, it could easily become a launchpad for the price. Source: TradingView.com The crypto analyst\u2019s prediction suggests that it could begin to range at its current price. However, once this ranging ends and accumulation is complete, this is where the real fun begins for the SHIB price when the rally is expected to begin. A bounce from here would see SHIB easily clear the $0.000014 level with no hassle. However, the first roadblock lies just above here. In the event that Shiba Inu is quickly able to surmount the resistance at $0.0000143, another pump is expected that could lead up to $0.000018. Since there is no such thing as a single continuous upward movement, resistance is expected just below $0.000018. Nevertheless, this is the last resistance and if Shiba Inu climbs above this level, then it is expected to shoot above $0.00002, completing a 100% move from its current price. SHIB price at $0.0000094 | Source: SHIBUSD on Tradingview.com SHIB Sways Amid Market Uncertainty In the weeks leading up to January, confidence around the potential approval of a Spot Bitcoin ETF was at an all-time high, with experts giving it a 95% chance of approval. However, this sentiment has begun to sway especially as BlackRock revealed it will be delaying its $10 million BTC purchase. Related Reading: Dogecoin, Cardano, And Chainlink Get Special Listing From Binance As a result, the price of cryptocurrencies across the space declined rapidly and the Shiba Inu price was not left out. SHIB finally lost its footing at $0.00001 for the first time in over two weeks, falling to the $0.000009 region once again. However, this is not out of the ordinary and could lead to the SHIB ranging and accumulation that the crypto analyst outlines. In such a case, this could present a setup for a bigger price rally as expectations for a bull market grow high. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from DMARGE, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":567905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[167,6664,26263,14690,83668,89178,83667,89157,86437,84562,84558],"class_list":["post-567893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts 100% Surge For Shiba Inu, But There\u2019s A Roadblock<\/title>\n<meta name=\"description\" content=\"Through the 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. 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