{"id":652009,"date":"2024-11-07T23:30:33","date_gmt":"2024-11-07T23:30:33","guid":{"rendered":"https:\/\/wncen.com\/?p=652009"},"modified":"2024-11-07T12:34:25","modified_gmt":"2024-11-07T12:34:25","slug":"shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming\/","title":{"rendered":"Shiba Inu Hits Monthly Peak \u2014 Is Another Record-Breaking Rally Coming?"},"content":{"rendered":"

Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. After achieving a significant 30-day high,<\/a> SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights\u2014perhaps even its all-time high (ATH).<\/p>\n

Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks<\/a><\/div>\n

With increasing buying volume, confidence in SHIB’s future is growing. Some individuals are beginning to believe that this could signal the onset of something more substantial; however, there remains a crucial obstacle: a resistance level at $0.00001900, which must be overcome.<\/p>\n

\"\"
SHIB hits a monthly peak. Source: Bitstamp<\/a><\/figcaption><\/figure>\n

Shiba Inu: Breaking Through Resistance<\/strong><\/h2>\n

SHIB needs to break out above this zone of resistance, thus keeping the upward momentum intact. It has acted as a barrier in the past and hence inaccessible for SHIB to record more. If successful at breaking through, there is high hope for higher levels-and that may just kindle the hopes among investors that anticipate SHIB to test its all-time high again.<\/p>\n

A significant volume break at this level would, however, bolster the bullish sentiment. Conversely, if it fails to overcome this obstacle, SHIB might encounter a pullback toward its support levels, which are around the 50-day moving average, where it could consolidate and gather strength for another attempt.<\/p>\n

SHIB market cap currently at $11.031 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

A More Favorable Market Environment?<\/strong><\/h2>\n

The timing of this likely breakout also looks pretty good in the context of a much larger, more favorable market environment. With the US elections out of the way, political uncertainty has diminished significantly, and investors appear to be willing to take on risk once again. This has caused a “de-risking” environment, and the asset here is a beneficiary.<\/p>\n

The overall crypto market is slowly showing a recovery trend, and it will bode well for SHIB in the long term. This would be especially true if short-term runs continue to favor SHIB.
\nThe next week to 10 days will be pivotal as to whether SHIB can sustain this trend or not.<\/p>\n

Related Reading: Binance Coin Breaks $600! Is There More Upside Ahead For BNB?<\/a><\/div>\n

Bold Vision<\/strong><\/h3>\n

Besides the technical details, there is a vision for the future of Shiba Inu. Recently, principal developer Kusama introduced an ambitious initiative designed to place the US as a global leader in blockchain technology through “Strategic Hub for Innovation in Blockchain” (S.H.I.B.).<\/a><\/p>\n

\"\"
Shiba Inu price seen going up in the coming weeks. Source: CoinCheckup<\/a><\/figcaption><\/figure>\n

This project that has the potential to convert US into the “Silicon Valley of Crypto” will aim at attracting blockchain talent, stimulating innovation, and generating employment. However, despite these requiring hefty investments estimated between $1.3 billion and $2.35 billion for the next decade, it shows the growing ambition behind Shiba Inu and its much bigger role in the fast-changing blockchain landscape.<\/p>\n

At present, if it can break through the critical technical barriers and the market remains favorable, there is always the potential for significant growth down the line. Statistics from CoinCheckup indicate a six-month prediction<\/a> increase of 107% for the meme coin, with a one year forecast of 77%.<\/p>\n

Featured image from blog.shib.io, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. After achieving a significant 30-day high, SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights\u2014perhaps even its all-time high (ATH). Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks With increasing buying volume, confidence in SHIB’s future is growing. Some individuals are beginning to believe that this could signal the onset of something more substantial; however, there remains a crucial obstacle: a resistance level at $0.00001900, which must be overcome. Shiba Inu: Breaking Through Resistance SHIB needs to break out above this zone of resistance, thus keeping the upward momentum intact. It has acted as a barrier in the past and hence inaccessible for SHIB to record more. If successful at breaking through, there is high hope for higher levels-and that may just kindle the hopes among investors that anticipate SHIB to test its all-time high again. A significant volume break at this level would, however, bolster the bullish sentiment. Conversely, if it fails to overcome this obstacle, SHIB might encounter a pullback toward its support levels, which are around the 50-day moving average, where it could consolidate and gather strength for another attempt. A More Favorable Market Environment? The timing of this likely breakout also looks pretty good in the context of a much larger, more favorable market environment. With the US elections out of the way, political uncertainty has diminished significantly, and investors appear to be willing to take on risk once again. This has caused a “de-risking” environment, and the asset here is a beneficiary. The overall crypto market is slowly showing a recovery trend, and it will bode well for SHIB in the long term. This would be especially true if short-term runs continue to favor SHIB. The next week to 10 days will be pivotal as to whether SHIB can sustain this trend or not. Related Reading: Binance Coin Breaks $600! Is There More Upside Ahead For BNB? Bold Vision Besides the technical details, there is a vision for the future of Shiba Inu. Recently, principal developer Kusama introduced an ambitious initiative designed to place the US as a global leader in blockchain technology through “Strategic Hub for Innovation in Blockchain” (S.H.I.B.). This project that has the potential to convert US into the “Silicon Valley of Crypto” will aim at attracting blockchain talent, stimulating innovation, and generating employment. However, despite these requiring hefty investments estimated between $1.3 billion and $2.35 billion for the next decade, it shows the growing ambition behind Shiba Inu and its much bigger role in the fast-changing blockchain landscape. At present, if it can break through the critical technical barriers and the market remains favorable, there is always the potential for significant growth down the line. Statistics from CoinCheckup indicate a six-month prediction increase of 107% for the meme coin, with a one year forecast of 77%. Featured image from blog.shib.io, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":652013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83767,83668,83667],"class_list":["post-652009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\nShiba Inu Hits Monthly Peak \u2014 Is Another Record-Breaking Rally Coming?<\/title>\n<meta name=\"description\" content=\"Recently, Shiba Inu (SHIB) has exhibited promising momentum, thereby attracting the attention of both investors and traders. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Hits Monthly Peak \u2014 Is Another Record-Breaking Rally Coming?","url":"http:\/\/wncen.com\/news\/shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a.jpeg?fit=1280%2C731"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","meme coins","shib","shiba inu"],"dateCreated":"2024-11-07T23:30:33Z","datePublished":"2024-11-07T23:30:33Z","dateModified":"2024-11-07T23:30:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Hits Monthly Peak \\u2014 Is Another Record-Breaking Rally Coming?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-hits-monthly-peak-is-another-record-breaking-rally-coming\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a.jpeg?fit=1280%2C731\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"meme coins\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2024-11-07T23:30:33Z\",\"datePublished\":\"2024-11-07T23:30:33Z\",\"dateModified\":\"2024-11-07T23:30:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a.jpeg?fit=1280%2C731","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=652009"}],"version-history":[{"count":5,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652009\/revisions"}],"predecessor-version":[{"id":652067,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652009\/revisions\/652067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/652013"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=652009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=652009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=652009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}