Positive indicators Surface For Shiba Inu<\/strong><\/h2>\nWith reference to Shiba Inu on X, crypto expert Javon Marks expressed hope, noting that the value of SHIB might skyrocket.<\/p>\n
From what he saw, SHIB has already grown by 162% in the past few months, and this growth is likely to continue. One of the main things that supports this statement is the Hidden Bullish Divergence, a technical pattern that shows that price movement is about to happen.<\/p>\n
\n$SHIB<\/a> (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!<\/p>\nThis divergence can suggest an over 75% move above the 2024 Highs but that\u2026 https:\/\/t.co\/pKDT2dWaUn<\/a> pic.twitter.com\/0L7gwCcSAf<\/a><\/p>\n\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 26, 2024<\/a><\/p><\/blockquote>\nThe trend basically shows that while the price of SHIB has been producing lower lows, the Relative Strength Index (RSI) has been making higher lows even during a consolidation phase.<\/span> This points to a mounting optimistic pressure.<\/span><\/p>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a_6357d7.png?resize=1024%2C703\")
<\/p>\n
Price Fluctuations And Short-Term Growth<\/strong><\/h2>\nIn the near term, SHIB has experienced significant price swings. In the last week, its price has gone up by 3.35%, and in the last month, it rose to around 54%. These increases show that the “joke coin” is picking up a lot of steam. However, the trip is not completely uneventful.<\/p>\n![\"\"](\"https:\/\/www.tradingview.com\/x\/LsRX8xav\/\")
SHIB market cap currently at $14.6 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\nDespite the favorable short-term development, the price of SHIB has dropped by 4.08% over the last six months, suggesting considerable volatility.<\/p>\n
Analysts warn that short-term profit-taking after recent advances could obstruct the memecoin’s price movement as it evolves. However, SHIB has a great possibility to grow further with the strong support of its growing ecosystem projects and community.<\/p>\n![\"\"](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a_6d52f6.png?resize=1024%2C290\")
Source: CoinCheckup<\/figcaption><\/figure>\n
$SHIB<\/a> (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!<\/p>\n This divergence can suggest an over 75% move above the 2024 Highs but that\u2026 https:\/\/t.co\/pKDT2dWaUn<\/a> pic.twitter.com\/0L7gwCcSAf<\/a><\/p>\n \u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) November 26, 2024<\/a><\/p><\/blockquote>\n The trend basically shows that while the price of SHIB has been producing lower lows, the Relative Strength Index (RSI) has been making higher lows even during a consolidation phase.<\/span> This points to a mounting optimistic pressure.<\/span><\/p>\n In the near term, SHIB has experienced significant price swings. In the last week, its price has gone up by 3.35%, and in the last month, it rose to around 54%. These increases show that the “joke coin” is picking up a lot of steam. However, the trip is not completely uneventful.<\/p>\n Despite the favorable short-term development, the price of SHIB has dropped by 4.08% over the last six months, suggesting considerable volatility.<\/p>\n Analysts warn that short-term profit-taking after recent advances could obstruct the memecoin’s price movement as it evolves. However, SHIB has a great possibility to grow further with the strong support of its growing ecosystem projects and community.<\/p>\n<\/p>\nPrice Fluctuations And Short-Term Growth<\/strong><\/h2>\n