• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Shiba Inu: Accumulation Phase May Lead to Breakout

user avatar

by Giorgi Kostiuk

a year ago

Shiba Inu, a popular cryptocurrency, is in an accumulation phase, which could signal a future price surge.

Projected Price Breakout

Prominent analyst SHIB Knight predicts that Shiba Inu could break out of its accumulation phase, increasing by 42.6% to $0.000037. Sustained interest and investor expectations may lead to a significant uptick in token value moving forward.

High-level consolidation often precedes a substantial price breakout.SHIB Knight

Technical Indicators

Shiba Inu recently broke above the symmetrical triangle pattern, suggesting a potential price increase. The relative strength index (RSI) stands at 61.61, and the MACD indicates a possible bullish crossover, supporting an optimistic outlook.

Current State of Shiba Inu

Currently trading at $0.00002688, Shiba Inu has a market capitalization of approximately $15.43 billion, maintaining its position as the second largest meme coin by market cap.

Shiba Inu's accumulation period could be the catalyst for future growth. Investors are closely watching for a breakout that could significantly increase the cryptocurrency's value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Asia FX Stagnates Amid Federal Reserve Rate Cut Uncertainty

chest

The forex market experiences minimal movement in Asia FX pairs due to uncertainty surrounding the Federal Reserve's next moves.

user avatarNguyen Van Long

Federal Reserve Policy Drives Forex Volatility

chest

The Federal Reserve's mixed signals regarding interest rates are impacting global currency movements.

user avatarKofi Adjeman

Plasma XPL Announces Custody Transfer to Anchorage Digital

chest

Plasma XPL stablecoin project announces custody transfer to Anchorage Digital for enhanced security and regulatory compliance.

user avatarSatoshi Nakamura

Argentine Judge Halts LIBRA Memecoin Activities Amid Regulatory Scrutiny

chest

An Argentine federal judge has frozen assets related to the LIBRA memecoin amid increasing regulatory scrutiny.

user avatarJesper Sørensen

Potential Benefits of Won Stablecoin for South Korea's Economy

chest

Economists in South Korea recognize the significant benefits of implementing a won stablecoin, including reduced transaction costs, faster settlement times, and enhanced financial inclusion.

user avatarRajesh Kumar

Economists Identify Key Risks for Successful Implementation of Won Stablecoin

chest

Economists in South Korea have identified several critical challenges that could jeopardize the successful implementation of the won stablecoin, including vulnerabilities to coin runs, money laundering pathways, regulatory gaps, and the need for consumer protection.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.