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

Shiba Inu Shows Bullish Signals After Surpassing Ichimoku Cloud

user avatar

by Giorgi Kostiuk

2 years ago

Shiba Inu (SHIB) has emerged as a notable player in the current crypto market recovery, showcasing impressive momentum.

Technical Indicators of Bullish Trend

On Shiba Inu’s two-week chart, a significant technical event has seen the token break above the Ichimoku Cloud, a key indicator for identifying bullish trends. Previously, such a breakout propelled the token to a high of $0.000033 in December 2024.

Resistance Levels and Price Targets

After Shiba Inu's breakout from the Ichimoku Cloud, its upper boundary now serves as a support zone. Analysts designate the next resistance level at approximately $0.000026, potentially reaching $0.000033 thereafter.

Forecasts and Long-Term Prospects

Analyst Javon Marks predicts further price increase for SHIB to $0.000081, marking this as a significant level. He also expresses optimism for Shiba Inu’s long-term prospects, forecasting a price as high as $0.000155.

Analysts highlight Shiba Inu's potential growth following its breakout above the Ichimoku Cloud, suggesting improved positioning in the market.

chest
chest
chest

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Asserts US Dominance Over Strait of Hormuz Amid Tensions

chest

US President Donald Trump claims total US control over the Strait of Hormuz amid tensions with Iran, despite a significant drop in maritime traffic.

user avatarAndrew Smith

Crypto Market Faces Layoffs and Shifts in Investment Trends

chest

The crypto market is currently facing significant layoffs, with firms like Coinbase and FalconX reducing their workforce. Retail investors are increasingly shifting their focus from cryptocurrencies to sports betting platforms and AI stocks.

user avatarZainab Kamara

Bitwise Asset Management Reduces Staff Amid Market Adjustments

chest

Bitwise Asset Management has reduced its staff by approximately 14 employees, bringing its total workforce to about 155, while maintaining that it is still the largest in the company's history.

user avatarJacob Williams

Arthur Hayes Outlines Yenquake Macro Thesis Impacting Bitcoin

chest

Arthur Hayes proposes a macro thesis called 'Yenquake', suggesting that supporting the Japanese yen could inject dollar liquidity into global markets, potentially benefiting Bitcoin.

user avatarSon Min-ho

Jupiter Introduces Smart Debt Feature to Boost DeFi Efficiency

chest

Jupiter has launched a new feature called Smart Debt through its Jupiter Lend platform, allowing users to deploy borrowed assets into DEX liquidity pools to earn trading fees.

user avatarAyman Ben Youssef

Three Indicators for Bitcoin's Return to $100k

chest

Experts identify three signs that may indicate Bitcoin's potential to reclaim the $100k price level.

user avatarKofi Adjeman

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.