• 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

Bitget Lists Meteora MET on Universal Exchange UEX

chest

Bitget announces the listing of Meteora MET in the Innovation and DeFi Zone, enhancing trading opportunities in the DeFi market.

user avatarDiego Alvarez

Federal Reserve Signals Shift Towards Quantitative Easing

chest

The Federal Reserve has indicated a potential end to quantitative tightening, which could lead to increased liquidity in the market.

user avatarGustavo Mendoza

StandX's Trade and Earn Model Transforms Derivatives Trading

chest

StandX has introduced a revolutionary Trade and Earn model in its perpetual exchange, which pays traders instead of charging them fees.

user avatarKenji Takahashi

StandX Introduces DUSD: A New Era of Yield-Bearing Stablecoins

chest

StandX has launched DUSD, a fully collateralized yield stablecoin that allows traders to earn passive income while their positions are open.

user avatarMaria Fernandez

Aethir Faces Market Turmoil Amid Insider Trading Allegations

chest

Aethir's market participation is under scrutiny due to unconfirmed allegations of insider trading, leading to significant price drops and volatility.

user avatarRajesh Kumar

Bitcoin Market May Be Entering a Healthy Reset Phase

chest

Analysts suggest that the current cooling period could represent a necessary reset for Bitcoin.

user avatarArif Mukhtar

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.