{"id":601159,"date":"2024-04-03T18:00:42","date_gmt":"2024-04-03T18:00:42","guid":{"rendered":"https:\/\/ktsl888.com\/?p=601159"},"modified":"2024-06-11T07:04:00","modified_gmt":"2024-06-11T07:04:00","slug":"shiba-inu-to-rally-100-0-000062","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-to-rally-100-0-000062\/","title":{"rendered":"Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible"},"content":{"rendered":"

A crypto analyst has identified a key technical indicator in the <\/span>Shiba Inu price<\/span><\/a> chart that suggests that the cryptocurrency is set to witness a <\/span>major price rally<\/span><\/a> to new highs.\u00a0<\/span><\/p>\n

Asymmetrical Triangle Signaling SHIB Price Surge Appears<\/h2>\n

A crypto analyst identified as Captain Faibik on X (formerly Twitter) has <\/span>unveiled<\/span><\/a> a distinctive technical pattern in <\/span>Shiba Inu\u2019s price chart<\/span><\/a>. Sharing a 6-hour chart of Shiba Inu\u2019s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency <\/span>may enter a bullish trend<\/span><\/a> during the first two weeks of April.\u00a0<\/span><\/p>\n

Related Reading: Buying Opportunity: Crypto Institutional Investors Pump $862 Million Into The Market<\/a><\/div>\n

The <\/span>asymmetrical triangle pattern<\/span><\/a> is a technical indicator which displays a period of consolidation before the price of a cryptocurrency is forced to <\/span>break out or down<\/span><\/a>. Oftentimes, the triangle patterns are interpreted as bullish, especially if the cryptocurrency is already in an uptrend. This is because the emergence of the technical pattern is a sign that the price of the token will continue moving upwards.\u00a0<\/span><\/p>\n

Regarding <\/span>Shiba Inu<\/span>, Faibik has interpreted the technical pattern as a potential bullish breakout, predicting an upcoming rally that could see the price of Shiba Inu doubling. The price chart has revealed that<\/span> SHIB\u2019s price<\/span><\/a> could potentially rise between 0.00058 to 0.00062 around the second to third week of April.\u00a0\u00a0<\/span><\/p>\n

At the time of writing SHIB is priced at $0.000271, reflecting a 0.45% dip in the last 24 hours. Over the past week, <\/span>the cryptocurrency saw a decrease<\/span><\/a> of more than 10%. The emergence of this new technical pattern may offer investors renewed optimism, viewing declines as buying opportunities.\u00a0<\/span><\/p>\n

Shiba Inu Surpasses Bitcoin In Trading Volume on Indian Exchange<\/h2>\n

Prominent Indian crypto exchange, WizarX recently <\/span>revealed<\/span><\/a> its top five most traded cryptocurrencies in March 2024, with Shiba Inu dominating the pack as the platform\u2019s most traded cryptocurrency. The doggy-themed meme coin claimed first position, surpassing <\/span>Bitcoin (BTC)<\/span><\/a>, the world\u2019s largest cryptocurrency, which took second place.\u00a0<\/span><\/p>\n

Related Reading: Tether Buys 8,888 Bitcoin For $618 Million, But Why Is Price Down?<\/a><\/div>\n

Ranking third to fifth place were <\/span>Pepe (PEPE)<\/span><\/a>, <\/span>Dogecoin (DOGE)<\/span><\/a>, and Floki (FLOK), respectively, which are some of the trendiest meme coins in the crypto space currently.\u00a0<\/span><\/p>\n

Shiba Inu\u2019s accomplishment<\/span><\/a> as the most traded cryptocurrency on this Indian crypto exchange underscores its growing popularity across various global regions. The meme coin recently made headlines for being <\/span>one of the top most searched cryptocurrencies on Google<\/span><\/a>. Moreover, SHIB has consistently experienced a notable increase in demand and interest from investors and traders alike within the crypto space.\u00a0<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB price recovers to $0.000027 | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has identified a key technical indicator in the Shiba Inu price chart that suggests that the cryptocurrency is set to witness a major price rally to new highs.\u00a0 Asymmetrical Triangle Signaling SHIB Price Surge Appears A crypto analyst identified as Captain Faibik on X (formerly Twitter) has unveiled a distinctive technical pattern in Shiba Inu\u2019s price chart. Sharing a 6-hour chart of Shiba Inu\u2019s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency may enter a bullish trend during the first two weeks of April.\u00a0 Related Reading: Buying Opportunity: Crypto Institutional Investors Pump $862 Million Into The Market The asymmetrical triangle pattern is a technical indicator which displays a period of consolidation before the price of a cryptocurrency is forced to break out or down. Oftentimes, the triangle patterns are interpreted as bullish, especially if the cryptocurrency is already in an uptrend. This is because the emergence of the technical pattern is a sign that the price of the token will continue moving upwards.\u00a0 Regarding Shiba Inu, Faibik has interpreted the technical pattern as a potential bullish breakout, predicting an upcoming rally that could see the price of Shiba Inu doubling. The price chart has revealed that SHIB\u2019s price could potentially rise between 0.00058 to 0.00062 around the second to third week of April.\u00a0\u00a0 At the time of writing SHIB is priced at $0.000271, reflecting a 0.45% dip in the last 24 hours. Over the past week, the cryptocurrency saw a decrease of more than 10%. The emergence of this new technical pattern may offer investors renewed optimism, viewing declines as buying opportunities.\u00a0 Shiba Inu Surpasses Bitcoin In Trading Volume on Indian Exchange Prominent Indian crypto exchange, WizarX recently revealed its top five most traded cryptocurrencies in March 2024, with Shiba Inu dominating the pack as the platform\u2019s most traded cryptocurrency. The doggy-themed meme coin claimed first position, surpassing Bitcoin (BTC), the world\u2019s largest cryptocurrency, which took second place.\u00a0 Related Reading: Tether Buys 8,888 Bitcoin For $618 Million, But Why Is Price Down? Ranking third to fifth place were Pepe (PEPE), Dogecoin (DOGE), and Floki (FLOK), respectively, which are some of the trendiest meme coins in the crypto space currently.\u00a0 Shiba Inu\u2019s accomplishment as the most traded cryptocurrency on this Indian crypto exchange underscores its growing popularity across various global regions. The meme coin recently made headlines for being one of the top most searched cryptocurrencies on Google. Moreover, SHIB has consistently experienced a notable increase in demand and interest from investors and traders alike within the crypto space.\u00a0 SHIB price recovers to $0.000027 | Source: SHIBUSDT on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601172,"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-601159","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 To Rally 100% To $0.000062? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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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