{"id":549554,"date":"2023-08-31T12:00:57","date_gmt":"2023-08-31T12:00:57","guid":{"rendered":"https:\/\/wncen.com\/?p=549554"},"modified":"2023-08-31T10:38:00","modified_gmt":"2023-08-31T10:38:00","slug":"can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection\/","title":{"rendered":"Can Shiba Inu Climb Before September Starts? Evaluating The $0.00001 Projection"},"content":{"rendered":"

Shiba Inu (SHIB) enthusiasts are keeping a watchful eye on the coin’s price movements as it inches closer to a crucial juncture in the last day of August. <\/span>The latest indications from the market suggest that a potential breakout opportunity might be on the horizon, hinting at an imminent directional shift.<\/p>\n

The ongoing consolidation phase is taking the form of a symmetrical triangle pattern. This pattern, marked by two converging trendlines, signifies a period of uncertainty in the market, often followed by a notable price movement.<\/span><\/p>\n

Related Reading: Bitcoin Cash (BCH) Records Surprising 15% Rally \u2013 What\u2019s Behind It?<\/a><\/div>\n

On August 29, a notable surge in Bitcoin’s price set off a chain reaction across the crypto market, prompting a 2.8% jump in Shiba Inu’s value. This push aimed to break the coin free from its protracted consolidation phase. <\/span><\/p>\n

However, the rally faced resistance near the $0.00000845 mark, forcing the meme coin back into the confines of the triangle pattern. As of the latest data, the <\/span>SHIB price<\/span><\/a> stands at $0.00000816, with a 1.0% decline in the past 24 hours and a 2.0% loss over the past seven days.<\/span><\/p>\n

\"\"<\/p>\n

Shiba Inu price action in the last week. Source: Coingecko<\/a><\/pre>\n
Shiba Inu Triangle Pattern Unveiled<\/strong><\/h2>\n
The <\/span>triangular pattern<\/span><\/a> taking shape on the charts is a recurring technical formation in the world of trading. It signals a period of indecision among investors as the price fluctuates within the converging trendlines. <\/span><\/p>\n
\"\"<\/p>\n
Source: TradingView<\/pre>\n
This phase is often followed by a breakout, where the price ventures beyond one of the trendlines with significant momentum, indicating the potential for a new trend to emerge.<\/span><\/p>\n
Amidst the price contemplation, Shiba Inu enthusiasts have found reason to rejoice with the relaunch of Shibarium, the Layer 2 blockchain associated with the SHIB ecosystem.<\/span><\/p>\n
Within days of its official reactivation, Shibarium is already making great strides, sparking enthusiasm within both the SHIB community and generating anticipation for a potential surge in SHIB’s value.<\/span><\/p>\n
<\/p>\n
SHIB market cap slightly below $5 billion. Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Cardano (ADA) Price Nears A Pivotal Shift \u2013 A Breach Into The $0.3 Level?<\/a><\/div>\n
In a tweet<\/span><\/a>, Lucie, a prominent figure within the Shiba Inu team, predicts that Shibarium’s impact will become evident over the next eight to 12 months.\u00a0<\/span>Shedding light on the details, Lucie emphasizes how Shibarium’s functionalities will aid in reducing the circulation of SHIB tokens.<\/span><\/p>\n
\n
STAY INFORMED<\/p>\n
Just wanted to give you a friendly heads up about some influencers making big promises about $SHIB<\/a> burns.<\/p>\n
There are no keys to the $SHIB<\/a> supply. Completely decentralized.<\/p>\n
Whatever gets burned is simply a result of people buying and using #Shibarium<\/a>.\u2026 pic.twitter.com\/X35w1lPkPq<\/a><\/p>\n
\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | Summer of Shibarium (@LucieSHIB) August 30, 2023<\/a><\/p><\/blockquote>\n
Anticipating The Meme Coin’s Next Move<\/strong><\/h2>\n
As SHIB clings to the edge of the symmetrical triangle, traders and enthusiasts alike are bracing for the impending breakout. The crypto community’s gaze is fixed on the emerging trendlines, waiting to witness whether the price momentum will gather enough strength and hit $0.00001.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Rumble via Yahoo!<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) enthusiasts are keeping a watchful eye on the coin’s price movements as it inches closer to a crucial juncture in the last day of August. The latest indications from the market suggest that a potential breakout opportunity might be on the horizon, hinting at an imminent directional shift. The ongoing consolidation phase is taking the form of a symmetrical triangle pattern. This pattern, marked by two converging trendlines, signifies a period of uncertainty in the market, often followed by a notable price movement. Related Reading: Bitcoin Cash (BCH) Records Surprising 15% Rally \u2013 What\u2019s Behind It? On August 29, a notable surge in Bitcoin’s price set off a chain reaction across the crypto market, prompting a 2.8% jump in Shiba Inu’s value. This push aimed to break the coin free from its protracted consolidation phase. However, the rally faced resistance near the $0.00000845 mark, forcing the meme coin back into the confines of the triangle pattern. As of the latest data, the SHIB price stands at $0.00000816, with a 1.0% decline in the past 24 hours and a 2.0% loss over the past seven days. Shiba Inu price action in the last week. Source: Coingecko Shiba Inu Triangle Pattern Unveiled The triangular pattern taking shape on the charts is a recurring technical formation in the world of trading. It signals a period of indecision among investors as the price fluctuates within the converging trendlines. Source: TradingView This phase is often followed by a breakout, where the price ventures beyond one of the trendlines with significant momentum, indicating the potential for a new trend to emerge. Amidst the price contemplation, Shiba Inu enthusiasts have found reason to rejoice with the relaunch of Shibarium, the Layer 2 blockchain associated with the SHIB ecosystem. Within days of its official reactivation, Shibarium is already making great strides, sparking enthusiasm within both the SHIB community and generating anticipation for a potential surge in SHIB’s value. SHIB market cap slightly below $5 billion. Chart: TradingView.com Related Reading: Cardano (ADA) Price Nears A Pivotal Shift \u2013 A Breach Into The $0.3 Level? In a tweet, Lucie, a prominent figure within the Shiba Inu team, predicts that Shibarium’s impact will become evident over the next eight to 12 months.\u00a0Shedding light on the details, Lucie emphasizes how Shibarium’s functionalities will aid in reducing the circulation of SHIB tokens. STAY INFORMED Just wanted to give you a friendly heads up about some influencers making big promises about $SHIB burns. There are no keys to the $SHIB supply. Completely decentralized. Whatever gets burned is simply a result of people buying and using #Shibarium.\u2026 pic.twitter.com\/X35w1lPkPq \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 | Summer of Shibarium (@LucieSHIB) August 30, 2023 Anticipating The Meme Coin’s Next Move As SHIB clings to the edge of the symmetrical triangle, traders and enthusiasts alike are bracing for the impending breakout. The crypto community’s gaze is fixed on the emerging trendlines, waiting to witness whether the price momentum will gather enough strength and hit $0.00001. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Rumble via Yahoo!<\/p>\n","protected":false},"author":557,"featured_media":549577,"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":[1144,8686,83767,4735,84473,83667,87680],"class_list":["post-549554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\nCan Shiba Inu Climb Before September Starts?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) enthusiasts are keeping a watchful eye on the coin's price movements as it inches closer to a crucial juncture in the last day of August.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Shiba Inu Climb Before September Starts?\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu (SHIB) enthusiasts are keeping a watchful eye on the coin's price movements as it inches closer to a crucial juncture in the last day of August.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T12:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T10:38:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-186.png?fit=571%2C319\" \/>\n\t<meta property=\"og:image:width\" content=\"571\" \/>\n\t<meta property=\"og:image:height\" content=\"319\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/can-shiba-inu-climb-before-september-starts-evaluating-the-0-00001-projection\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Can Shiba Inu Climb Before September Starts? 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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":"Can Shiba Inu Climb Before September Starts? 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