• 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

7 months 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.

Other news

Israel and Iran: Potential Military Action and Its Consequences

chest

Recent Israeli statements about potential military action against Iran highlight increasing tensions in the region.

user avatarGiorgi Kostiuk

Nicholas Truglia Receives 12-Year Sentence for Refusal to Repay $20 Million

chest

Nicholas Truglia was sentenced to 12 years for refusing to repay over $20 million acquired from SIM-swapping scheme.

user avatarGiorgi Kostiuk

Robinhood Offers Ethereum and Solana Staking for US Users

chest

Robinhood now provides ETH and SOL staking services for American users starting from just $1.

user avatarGiorgi Kostiuk

Keyrock Report Shows Minimal Influence of Corporate Treasuries on Bitcoin Price

chest

A new study reveals that corporate treasuries do not significantly affect Bitcoin price movements.

user avatarGiorgi Kostiuk

Cryptocurrency Market: Potential Threats and Turns

chest

Recent shifts in the cryptocurrency market may herald possible downturns due to short position liquidations.

user avatarGiorgi Kostiuk

Surge in Cryptocurrency Prices: Prepare for Potential Drops

chest

Despite the current rise, potential market movements warn traders of upcoming declines in cryptocurrency prices.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.