• 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

Sequence Unveils Trails to Tackle Crypto Interoperability Challenges

chest

Sequence, formerly known as Horizon Blockchain Games, introduces Trails, a platform aimed at simplifying crypto transactions across multiple blockchains.

user avatarBayarjavkhlan Ganbaatar

Major WBTC Sale Realizes Significant Profits

chest

A significant wallet address sold 175 Wrapped Bitcoin (WBTC), realizing a profit of 3097 million.

user avatarMohamed Farouk

SPX6900 Sees Significant Rebound, Reviving Interest in Meme Coins

chest

This week, the SPX6900 index has made a notable recovery, restoring risk appetite in the meme coin market and encouraging investments in meme tokens.

user avatarElias Mukuru

Memory Industry Innovates Amid AI Crisis

chest

The memory crisis is driving innovation in the industry as companies seek to meet the demands of next-generation AI workloads.

user avatarBayarjavkhlan Ganbaatar

Community Optimism Amid Alchemix's Security Enhancements

chest

Community discussions reflect cautious optimism as Alchemix emphasizes security and user engagement.

user avatarMaria Fernandez

Alchemix Implements Proactive Audit Strategies Post-Curve Finance Attack

chest

Alchemix is adopting proactive audit strategies in response to the 2023 Curve Finance attack.

user avatarKenji Takahashi

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.