{"id":606754,"date":"2024-05-06T21:00:49","date_gmt":"2024-05-06T21:00:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=606754"},"modified":"2024-06-11T06:59:46","modified_gmt":"2024-06-11T06:59:46","slug":"shiba-inu-price-massive-surge","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-price-massive-surge\/","title":{"rendered":"Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here\u2019s The Target"},"content":{"rendered":"

Shiba Inu has rebounded by over 19% from its $0.00002081 price point at the beginning of the month. Current price action shows the cryptocurrency might be on its way to performing an interesting price surge in the coming weeks.\u00a0<\/span>According to one crypto analyst, SHIB could actually go on a 120% price surge after breaking out of the current consolidation.<\/span><\/p>\n

Crypto Analyst Says Massive Surge Coming<\/h2>\n

SHIB kickstarted a price correction immediately after reaching 0.00003556 in early March. Bullish investor sentiment surrounding the meme cryptocurrency at the time quickly changed into a bearish one. This pushed SHIB on a decline that bottomed out at $0.00002117 in the middle of April, indicating a 40% price correction in those two months. Interestingly, this was the worst SHIB price decline since the May 2022 collapse of the Terra ecosystem.<\/span><\/p>\n

Related Reading: Why Did The Solana (SOL) Price Jump Today?<\/a><\/p>\n

As noted on the 8-hour timeframe chart shared on social media platform X by crypto analyst World Of Charts,\u00a0 <\/span>SHIB has been on a consolidation channel for the past two months. However, the analyst foresees a bullish breakout to create a strong bullish wave that’s going to send SHIB holders on a profit margin between 100% and 120%.<\/span><\/p>\n

\n

$Shib<\/a><\/p>\n

Consolidating In Bullish Flag In H8 Timeframe Incase Of Successful Breakout Expecting Solid Bullish Wave Expecting 100-120% Bullish Wave#Crypto<\/a> #Shib<\/a> pic.twitter.com\/vfLClaexvu<\/a><\/p>\n

\u2014 World Of Charts (@WorldOfCharts1) May 3, 2024<\/a><\/p><\/blockquote>\n

Interestingly, a further look into the chart shared by World Of Charts shows that the analyst is open to a higher price surge over a longer period of time. The last price target indicated on the chart is $0.00009500, which is a 280% target from the current price levels.\u00a0<\/span><\/p>\n

Can Shiba Inu Push Higher?<\/h2>\n

Shiba Inu recently formed a higher low on the weekly timeframe, an indicator that the <\/span>bulls might be starting to gain<\/span><\/a> the upper hand. Despite the past decline, over 56% of SHIB holders <\/span>remained in profit<\/span><\/a> as many long-term holders opted to hold on to their tokens. At the time of writing, SHIB is trading at $0.00002489 and is up by 6.4% in the past seven days. This price increase has seen the number of SHIB holders in profit rising concurrently to 61%.<\/span><\/p>\n

Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here<\/a><\/p>\n

Many addresses that just moved into profit margin are not taking profit indicating that majority of investors <\/span>are anticipating a price increase<\/span><\/a> in May. One catalyst that could lead to a further price increase is the <\/span>recent partnership<\/span><\/a> between PayPal and MoonPay which will allow PayPal users within the United States to buy the dog-themed cryptocurrency easily.<\/span><\/p>\n

Popular crypto analyst Ali Martinez <\/span>also predicted a SHIB price surge<\/span><\/a> based on a bull flag that has recently appeared on the token’s price chart.<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB falls after brief recovery | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Times Tabloid, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu has rebounded by over 19% from its $0.00002081 price point at the beginning of the month. Current price action shows the cryptocurrency might be on its way to performing an interesting price surge in the coming weeks.\u00a0According to one crypto analyst, SHIB could actually go on a 120% price surge after breaking out of the current consolidation. Crypto Analyst Says Massive Surge Coming SHIB kickstarted a price correction immediately after reaching 0.00003556 in early March. Bullish investor sentiment surrounding the meme cryptocurrency at the time quickly changed into a bearish one. This pushed SHIB on a decline that bottomed out at $0.00002117 in the middle of April, indicating a 40% price correction in those two months. Interestingly, this was the worst SHIB price decline since the May 2022 collapse of the Terra ecosystem. Related Reading: Why Did The Solana (SOL) Price Jump Today? As noted on the 8-hour timeframe chart shared on social media platform X by crypto analyst World Of Charts,\u00a0 SHIB has been on a consolidation channel for the past two months. However, the analyst foresees a bullish breakout to create a strong bullish wave that’s going to send SHIB holders on a profit margin between 100% and 120%. $Shib Consolidating In Bullish Flag In H8 Timeframe Incase Of Successful Breakout Expecting Solid Bullish Wave Expecting 100-120% Bullish Wave#Crypto #Shib pic.twitter.com\/vfLClaexvu \u2014 World Of Charts (@WorldOfCharts1) May 3, 2024 Interestingly, a further look into the chart shared by World Of Charts shows that the analyst is open to a higher price surge over a longer period of time. The last price target indicated on the chart is $0.00009500, which is a 280% target from the current price levels.\u00a0 Can Shiba Inu Push Higher? Shiba Inu recently formed a higher low on the weekly timeframe, an indicator that the bulls might be starting to gain the upper hand. Despite the past decline, over 56% of SHIB holders remained in profit as many long-term holders opted to hold on to their tokens. At the time of writing, SHIB is trading at $0.00002489 and is up by 6.4% in the past seven days. This price increase has seen the number of SHIB holders in profit rising concurrently to 61%. Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here Many addresses that just moved into profit margin are not taking profit indicating that majority of investors are anticipating a price increase in May. One catalyst that could lead to a further price increase is the recent partnership between PayPal and MoonPay which will allow PayPal users within the United States to buy the dog-themed cryptocurrency easily. Popular crypto analyst Ali Martinez also predicted a SHIB price surge based on a bull flag that has recently appeared on the token’s price chart. SHIB falls after brief recovery | Source: SHIBUSDT on Tradingview.com Featured image from Times Tabloid, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":606776,"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":[167,6664,26263,14690,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-606754","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-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here\u2019s The Target<\/title>\n<meta name=\"description\" content=\"Shiba 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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