{"id":640238,"date":"2024-09-06T16:00:02","date_gmt":"2024-09-06T16:00:02","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=640238"},"modified":"2024-09-06T10:32:08","modified_gmt":"2024-09-06T10:32:08","slug":"shiba-inu-recovery-0-000081","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/shiba-inu\/shiba-inu-recovery-0-000081\/","title":{"rendered":"Shiba Inu Recovery To $0.000081 ATH Levels Still In Play"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Meme coin <\/span><a href=\"https:\/\/www.ktsl888.com\/shiba-inu\/whats-going-on-shiba-inu-price\/\"><span style=\"font-weight: 400\">Shiba Inu now finds itself<\/span><\/a><span style=\"font-weight: 400\"> trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-new-era-shibarium\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">confident of a SHIB break<\/span><\/a><span style=\"font-weight: 400\"> to the upside. According to <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-surge-1000-0-00014\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">several technical experts<\/span><\/a><span style=\"font-weight: 400\">, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator.<\/span><\/p>\n<h2>SHIB Recovery Still In Play<\/h2>\n<p><span style=\"font-weight: 400\">Javon Marks&#8217; analysis was noted in a social media post on X <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/51686185\" rel=\"nofollow\"><span style=\"font-weight: 400\">as an update<\/span><\/a><span style=\"font-weight: 400\"> to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst&#8217;s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/litecoin\/litecoin-grayscale-10000-ltc\/\">Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC<\/a><\/div>\n<p><span style=\"font-weight: 400\">The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB&#8217;s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks&#8217;, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB&#8217;s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, &#8220;the $0.000081 target is still in play.&#8221;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The $0.000081 price point has been a central focus of Marks\u2019 analysis since his <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/01722948\" rel=\"nofollow\"><span style=\"font-weight: 400\">initial coverage of SHIB\u2019s price analysis<\/span><\/a><span style=\"font-weight: 400\">. To get to this price, SHIB would need to perform a 480% increase from the current price level.<\/span><\/p>\n<h2>Current State Of Shiba Inu<\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-whale-volumes\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently seeing a drastic increase<\/span><\/a><span style=\"font-weight: 400\">. According to <\/span><a href=\"https:\/\/youtu.be\/hete-SbWDns?si=Bh-OhQvnOJc4riH-\" rel=\"nofollow\"><span style=\"font-weight: 400\">analysts at Santiment<\/span><\/a><span style=\"font-weight: 400\">, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/bitcoin\/bitcoin-btc-price-50000\/\">Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold<\/a><\/div>\n<p><span style=\"font-weight: 400\">Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/zAg20ym7\/\" alt=\"Shiba Inu price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">SHIB price at $0.000013 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April. While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are confident of a SHIB break to the upside. According to several technical experts, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator. SHIB Recovery Still In Play Javon Marks&#8217; analysis was noted in a social media post on X as an update to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst&#8217;s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence.\u00a0 Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB&#8217;s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks&#8217;, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629. With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB&#8217;s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, &#8220;the $0.000081 target is still in play.&#8221;\u00a0 The $0.000081 price point has been a central focus of Marks\u2019 analysis since his initial coverage of SHIB\u2019s price analysis. To get to this price, SHIB would need to perform a 480% increase from the current price level. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity recently seeing a drastic increase. According to analysts at Santiment, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":640266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[93011,6664,26263,14690,83668,89178,84473,89157,86437,84562,84558],"class_list":["post-640238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-analystshiba-inu","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Recovery To $0.000081 ATH Levels Still In Play<\/title>\n<meta name=\"description\" content=\"Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the 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