{"id":609835,"date":"2024-05-25T21:00:45","date_gmt":"2024-05-25T21:00:45","guid":{"rendered":"https:\/\/www.wncen.com\/?p=609835"},"modified":"2024-07-11T08:17:00","modified_gmt":"2024-07-11T08:17:00","slug":"shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in\/","title":{"rendered":"Shiba Inu On The Verge Of 600% Rally? Analyst Weighs In"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:40\">Often called the &#8220;Dogecoin Killer,&#8221; Shiba Inu is expected to have a substantial price increase. With a daring estimate of a 600% rise that would propel the meme coin to an incredible $0.000075, market analyst Ashish has generated buzz.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/ethereum-eyes-4000-comeback-fueled-by-bullish-buying-spree\/\" target=\"_blank\" rel=\"noopener \">Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree<\/a><\/div>\n<p data-sourcepos=\"5:1-5:195\"><span id=\"input-sentence~0\">Following what Ashish described as an almost two-year-long nap inside a consolidation pattern, this optimistic projection is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" rel=\"nofollow\">Shiba Inu<\/a> broke out from this price purgatory at last in December 2023, crossing a pivotal resistance trendline.<\/span><span id=\"input-sentence~1\"> Early March saw a 370% increase from the breakout, which also set a 2024 high of $0.000045.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"7:1-7:148\">However, the party wasn&#8217;t meant to last. A correction ensued, prompting Ashish to establish strategic buying zones between $0.000022 and $0.000025.<\/p>\n<p data-sourcepos=\"7:1-7:148\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-609838\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?resize=1024%2C651\" alt=\"\" width=\"1024\" height=\"651\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=1160 1160w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=750 750w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_5c0ea9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2 data-sourcepos=\"9:1-9:67\"><strong>Shiba Inu: Enter The Flag Pattern<\/strong><\/h2>\n<p data-sourcepos=\"11:1-11:270\"><span id=\"input-sentence~1\">On the 1-hour chart, Ashish&#8217;s crystal ball picks a bullish flag formation suggesting a possible &#8220;second leg up.&#8221;<\/span><span id=\"input-sentence~2\"> Often foreshadowing further upward trend, this technical indication points to a period of consolidation following a significant price increase.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"19:1-19:192\"><span id=\"input-sentence~2\">Shiba Inus seem to have space for expansion even if their price dropped somewhat today. At around 48, the daily Relative Strength Index (RSI) shows that the coin is neither overbited nor oversold.<\/span><span id=\"input-sentence~3\"> This neutral ground points to possible upward mobility in line with Ashish&#8217;s second leg up projection.<br \/>\n<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/FjhloSTn\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">SHIB market cap currently at $14.5 billion. Chart: : <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2 data-sourcepos=\"17:1-17:37\"><strong>SHIB Price Forecast<\/strong><\/h2>\n<p data-sourcepos=\"25:1-25:227\"><span id=\"input-sentence~3\">By June 24, 2024, CoinCodex&#8217;s present Shiba Inu price projection shows a growth of 220%, maybe bringing $0.00008089.<\/span><span id=\"input-sentence~4\"> While the Fear &amp; Greed Index indicates Extreme Greed, CoinCodex&#8217;s technical indicators at present show a Neutral attitude. Shiba Inu has had 12 out of 30 green days (40%), with a price volatility of 4.40%, over the past 30 days.<\/span><span id=\"input-sentence~5\"><br \/>\n<\/span><\/p>\n<p><span id=\"input-sentence~5\">These numbers make it very evident that Shiba Inu&#8217;s market behaviour attracts a lot of investment attention. The Extreme Greed reading on the Fear &amp; Greed Index points to a great degree of excitement, which, although favourable for possible price increases, also calls for prudence given the risk of quick changes in emotion.<\/span><span id=\"input-sentence~6\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_609836\" aria-describedby=\"caption-attachment-609836\" style=\"width: 497px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-609836 size-full\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_e76dcb.png?resize=497%2C183\" alt=\"\" width=\"497\" height=\"183\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_e76dcb.png?w=497 497w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/a_e76dcb.png?w=460 460w\" sizes=\"(max-width: 497px) 100vw, 497px\"><figcaption id=\"caption-attachment-609836\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coincodex.com\/crypto\/shiba-inu\/price-prediction\/\" rel=\"nofollow\">CoinCodex<\/a><\/figcaption><\/figure>\n<p>The modest volatility of the coin and the regularity of green days point to a consistent, though erratic, increasing momentum. Shiba Inu is a remarkable asset to monitor in the next months because of these elements.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/next-big-move-for-bitcoin-analysts-predict-a-potential-breakout-at-71500\/\">Next Big Move For Bitcoin: Analysts Predict A Potential Breakout At $71,500<\/a><\/div>\n<p><span id=\"input-sentence~6\">Most folks at this time have no concern regarding the Shiba Inu price estimate.<\/span><span id=\"input-sentence~7\"> Twenty technical analysis tools displaying positive trends and eight displaying negative trends support this view.<br \/>\n<\/span><\/p>\n<p><span id=\"input-sentence~8\">This divide of view reveals how unstable and dangerous cryptocurrencies are just by nature. Given several of the indicators point to favourable outcomes, there is hope for the Shiba Inu&#8217;s short term future. Good news or current market activity could be responsible for this.<br \/>\n<\/span><\/p>\n<p><em>Featured image from Top Gear, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Often called the &#8220;Dogecoin Killer,&#8221; Shiba Inu is expected to have a substantial price increase. With a daring estimate of a 600% rise that would propel the meme coin to an incredible $0.000075, market analyst Ashish has generated buzz. Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Following what Ashish described as an almost two-year-long nap inside a consolidation pattern, this optimistic projection is Shiba Inu broke out from this price purgatory at last in December 2023, crossing a pivotal resistance trendline. Early March saw a 370% increase from the breakout, which also set a 2024 high of $0.000045. However, the party wasn&#8217;t meant to last. A correction ensued, prompting Ashish to establish strategic buying zones between $0.000022 and $0.000025. Shiba Inu: Enter The Flag Pattern On the 1-hour chart, Ashish&#8217;s crystal ball picks a bullish flag formation suggesting a possible &#8220;second leg up.&#8221; Often foreshadowing further upward trend, this technical indication points to a period of consolidation following a significant price increase. Shiba Inus seem to have space for expansion even if their price dropped somewhat today. At around 48, the daily Relative Strength Index (RSI) shows that the coin is neither overbited nor oversold. This neutral ground points to possible upward mobility in line with Ashish&#8217;s second leg up projection. SHIB Price Forecast By June 24, 2024, CoinCodex&#8217;s present Shiba Inu price projection shows a growth of 220%, maybe bringing $0.00008089. While the Fear &amp; Greed Index indicates Extreme Greed, CoinCodex&#8217;s technical indicators at present show a Neutral attitude. Shiba Inu has had 12 out of 30 green days (40%), with a price volatility of 4.40%, over the past 30 days. These numbers make it very evident that Shiba Inu&#8217;s market behaviour attracts a lot of investment attention. The Extreme Greed reading on the Fear &amp; Greed Index points to a great degree of excitement, which, although favourable for possible price increases, also calls for prudence given the risk of quick changes in emotion. The modest volatility of the coin and the regularity of green days point to a consistent, though erratic, increasing momentum. Shiba Inu is a remarkable asset to monitor in the next months because of these elements. Related Reading: Next Big Move For Bitcoin: Analysts Predict A Potential Breakout At $71,500 Most folks at this time have no concern regarding the Shiba Inu price estimate. Twenty technical analysis tools displaying positive trends and eight displaying negative trends support this view. This divide of view reveals how unstable and dangerous cryptocurrencies are just by nature. Given several of the indicators point to favourable outcomes, there is hope for the Shiba Inu&#8217;s short term future. Good news or current market activity could be responsible for this. Featured image from Top Gear, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":609844,"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":[142,6664,88164,83668,83667],"class_list":["post-609835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-memecoins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu on the Verge of 600% Rally? 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With a daring estimate of a 600% rise that would propel","breadcrumb":{"@id":"https:\/\/www.wncen.com\/news\/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wncen.com\/news\/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/news\/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in\/#primaryimage","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/A_619a1a.jpg?fit=2000%2C1125","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/05\/A_619a1a.jpg?fit=2000%2C1125","width":2000,"height":1125,"caption":"\u00a9 Copyright: Jack Martin Photography Captured at 2022 ARC R7 - Coffs Coast Rally on 20221126 by Jack Martin Photography."},{"@type":"BreadcrumbList","@id":"https:\/\/www.wncen.com\/news\/shiba-inu-on-the-verge-of-600-rally-analyst-weighs-in\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wncen.com\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu On The Verge Of 600% Rally? 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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:\/\/www.wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu On The Verge Of 600% Rally? 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