{"id":661295,"date":"2024-12-12T17:30:52","date_gmt":"2024-12-12T17:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=661295"},"modified":"2024-12-12T10:12:36","modified_gmt":"2024-12-12T10:12:36","slug":"shiba-inu-bulls-aiming-at-0-00002960","status":"publish","type":"post","link":"https:\/\/wncen.com\/shiba-inu\/shiba-inu-bulls-aiming-at-0-00002960\/","title":{"rendered":"Shiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally"},"content":{"rendered":"

Shiba Inu<\/span><\/a> (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, <\/span>market<\/span><\/a> participants are now focused on whether SHIB can muster enough strength to break past this critical threshold. <\/span>A successful move above this level could ignite a fresh wave of bullish momentum, setting the stage for a potential <\/span>rally<\/span><\/a>. Will the bulls rise to the occasion, or will SHIB face renewed pressure?<\/span><\/p>\n

Analyzing SHIB\u2019s Price Action: Is A Bullish Surge Imminent?<\/h2>\n

SHIB’s price action is demonstrating a strengthening <\/span>positive sentiment<\/span><\/a> as it nears the critical $0.00002960 resistance level. The recent consolidation around this key price point suggests that a breakout could be imminent. Additionally, the fact that SHIB is trading above the 100-day Simple Moving Average (SMA) signals increasing confidence from buyers, further heightening expectations for a potential upward surge.<\/span><\/p>\n

Furthermore, the 4-hour Relative Strength Index (RSI) indicates that Shiba Inu may be primed for continued uptrend. The RSI has recently surged past the 50% threshold and is currently positioned at 53%, signaling an increase in <\/span>bullish<\/span><\/a> momentum.<\/span><\/p>\n

\"Shiba
SHIB trading above the 100-day SMA and aiming at the $0 00002960 level | <\/span>Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

Specifically, this shift implies that buying pressure is gaining traction, and the market sentiment is turning more optimistic. An RSI above 50% typically signals that buyers are in control, which could further propel SHIB toward higher resistance levels.<\/span><\/p>\n

Related Reading: Shiba Inu Braces For Rally \u2013 Analyst Sees 35% Price Surge \u2013 Details<\/a><\/div>\n

If the RSI maintains its upward trajectory, it will likely support the continuation of the current rally, possibly leading to a breakout. However, sustaining this momentum will be essential to confirm a successful breakout.\u00a0<\/span><\/p>\n

Meanwhile, should Shiba Inu fail to break above the $0.00002960 <\/span>resistance<\/span><\/a> level with strong <\/span>volume<\/span><\/a>, it may face a pullback or a period of prolonged consolidation. This could cause the price to retest lower support areas as market sentiment shifts. A lack of follow-through above this level may discourage buyers, leading to a temporary stall in the uptrend.\u00a0<\/span><\/p>\n

What Happens If Shiba Inu Breaks Above $0.00002960<\/h2>\n

Once SHIB surpasses the critical $0.00002960 resistance level, it could trigger a significant bullish rally. A successful <\/span>breakout<\/span><\/a> will attract more buying interest, signaling that the bulls are in control and pushing the price toward the next resistance level at $0.00003346 and other higher <\/span>price targets<\/span><\/a>.<\/span><\/p>\n

Related Reading: Shiba Inu All Set For \u2018Bull Show\u2019, Eyes 180% Rally \u2013 Analyst<\/a><\/div>\n

Additionally, a breakout above this level would reinforce positive market sentiment and could lead to a surge in trading volume, fueling the continuation of the upward <\/span>momentum<\/span><\/a>. However, sustained buying pressure will be essential for the price to stay above this key level and avoid a pullback.<\/span><\/p>\n

\"Shiba
SHIB trading at $0.00002934 on the 1D chart | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) is once again capturing attention as it approaches a pivotal price level, with the $0.00002960 resistance emerging as a defining hurdle for the bulls. After a period of steady gains, market participants are now focused on whether SHIB can muster enough strength to break past this critical threshold. A successful move above this level could ignite a fresh wave of bullish momentum, setting the stage for a potential rally. Will the bulls rise to the occasion, or will SHIB face renewed pressure? Analyzing SHIB\u2019s Price Action: Is A Bullish Surge Imminent? SHIB’s price action is demonstrating a strengthening positive sentiment as it nears the critical $0.00002960 resistance level. The recent consolidation around this key price point suggests that a breakout could be imminent. Additionally, the fact that SHIB is trading above the 100-day Simple Moving Average (SMA) signals increasing confidence from buyers, further heightening expectations for a potential upward surge. Furthermore, the 4-hour Relative Strength Index (RSI) indicates that Shiba Inu may be primed for continued uptrend. The RSI has recently surged past the 50% threshold and is currently positioned at 53%, signaling an increase in bullish momentum. Specifically, this shift implies that buying pressure is gaining traction, and the market sentiment is turning more optimistic. An RSI above 50% typically signals that buyers are in control, which could further propel SHIB toward higher resistance levels. Related Reading: Shiba Inu Braces For Rally \u2013 Analyst Sees 35% Price Surge \u2013 Details If the RSI maintains its upward trajectory, it will likely support the continuation of the current rally, possibly leading to a breakout. However, sustaining this momentum will be essential to confirm a successful breakout.\u00a0 Meanwhile, should Shiba Inu fail to break above the $0.00002960 resistance level with strong volume, it may face a pullback or a period of prolonged consolidation. This could cause the price to retest lower support areas as market sentiment shifts. A lack of follow-through above this level may discourage buyers, leading to a temporary stall in the uptrend.\u00a0 What Happens If Shiba Inu Breaks Above $0.00002960 Once SHIB surpasses the critical $0.00002960 resistance level, it could trigger a significant bullish rally. A successful breakout will attract more buying interest, signaling that the bulls are in control and pushing the price toward the next resistance level at $0.00003346 and other higher price targets. Related Reading: Shiba Inu All Set For \u2018Bull Show\u2019, Eyes 180% Rally \u2013 Analyst Additionally, a breakout above this level would reinforce positive market sentiment and could lead to a surge in trading volume, fueling the continuation of the upward momentum. However, sustained buying pressure will be essential for the price to stay above this key level and avoid a pullback. Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":661298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[16393,14763,83668,83667,84562,84558,91599,85676],"class_list":["post-661295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-relative-strength-index","tag-rsi","tag-shib","tag-shiba-inu","tag-shibusd","tag-shibusdt","tag-simple-moving-average","tag-sma"],"acf":[],"yoast_head":"\nShiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) is approaching the $0.00002960 resistance level, which has emerged as a defining hurdle for the bulls.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally","url":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-bulls-aiming-at-0-00002960\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-bulls-aiming-at-0-00002960\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/Shiba-Inu-from-Unsplash-3.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/Shiba-Inu-from-Unsplash-3.jpg?fit=3000%2C1996"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["relative strength index","rsi","shib","shiba inu","shibusd","shibusdt","simple moving average","sma"],"dateCreated":"2024-12-12T17:30:52Z","datePublished":"2024-12-12T17:30:52Z","dateModified":"2024-12-12T17:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Bulls Aim Higher As SHIB Sights $0.00002960 For A Fresh Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-bulls-aiming-at-0-00002960\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-bulls-aiming-at-0-00002960\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Shiba-Inu-from-Unsplash-3.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Shiba-Inu-from-Unsplash-3.jpg?fit=3000%2C1996\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"relative strength index\",\"rsi\",\"shib\",\"shiba inu\",\"shibusd\",\"shibusdt\",\"simple moving average\",\"sma\"],\"dateCreated\":\"2024-12-12T17:30:52Z\",\"datePublished\":\"2024-12-12T17:30:52Z\",\"dateModified\":\"2024-12-12T17:30:52Z\"}<\/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\/12\/Shiba-Inu-from-Unsplash-3.jpg?fit=3000%2C1996","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/661295","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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=661295"}],"version-history":[{"count":3,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/661295\/revisions"}],"predecessor-version":[{"id":661399,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/661295\/revisions\/661399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/661298"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=661295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=661295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=661295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}