{"id":640238,"date":"2024-09-06T16:00:02","date_gmt":"2024-09-06T16:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=640238"},"modified":"2024-09-06T10:32:08","modified_gmt":"2024-09-06T10:32:08","slug":"shiba-inu-recovery-0-000081","status":"publish","type":"post","link":"https:\/\/wncen.com\/shiba-inu\/shiba-inu-recovery-0-000081\/","title":{"rendered":"Shiba Inu Recovery To $0.000081 ATH Levels Still In Play"},"content":{"rendered":"

Meme coin <\/span>Shiba Inu now finds itself<\/span><\/a> trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April.<\/span><\/p>\n

While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are <\/span>confident of a SHIB break<\/span><\/a> to the upside. According to <\/span>several technical experts<\/span><\/a>, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator.<\/span><\/p>\n

SHIB Recovery Still In Play<\/h2>\n

Javon Marks’ analysis was noted in a social media post on X <\/span>as an update<\/span><\/a> to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst’s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence.\u00a0<\/span><\/p>\n

Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC<\/a><\/div>\n

The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB’s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks’, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629.<\/span><\/p>\n

With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB’s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, “the $0.000081 target is still in play.”\u00a0<\/span><\/p>\n

The $0.000081 price point has been a central focus of Marks\u2019 analysis since his <\/span>initial coverage of SHIB\u2019s price analysis<\/span><\/a>. To get to this price, SHIB would need to perform a 480% increase from the current price level.<\/span><\/p>\n

Current State Of Shiba Inu<\/h2>\n

At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity <\/span>recently seeing a drastic increase<\/span><\/a>. According to <\/span>analysts at Santiment<\/span><\/a>, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks.<\/span><\/p>\n

Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold<\/a><\/div>\n

Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound.<\/span><\/p>\n

\"Shiba
SHIB price at $0.000013 | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the resistance side in the past 48 hours. This consolidation price action has emerged after a decline that saw SHIB fall from $0.00001600 in the last week of August. This notable decline has culminated with SHIB bouncing off support at $0.000013, which coincides with the 0.618 level on the Fibonacci extension indicator within a bearish trend that has persisted since April. While Shiba Inu has continued to battle this larger bearish trend on the monthly timeframes, crypto analysts are confident of a SHIB break to the upside. According to several technical experts, the fact that SHIB has maintained support at this crucial level without breaking lower is seen as a sign of resilience. Particularly, crypto analyst Javon Marks is confident of a SHIB recovery back to 2024 highs, especially as the meme coin has confirmed multiple bullish patterns with the RSI indicator. SHIB Recovery Still In Play Javon Marks’ analysis was noted in a social media post on X as an update to an ongoing SHIB analysis that dates back to September 2023. One of the key technical signals contributing to the analyst’s optimism is the Relative Strength Index (RSI), which has shown signs of bullish divergence.\u00a0 Related Reading: Litecoin Looks Poised To Explode As Grayscale Buys 10,000 LTC The RSI is a momentum indicator that measures the strength and speed of price movements. In SHIB’s case, the RSI, which has fallen massively from an overbought zone in April, recently retested its lowest point in the first quarter of 2024. According to Marks’, this retest is bullish for SHIB and is a massive sign for the resumption of overbought momentum. This momentum, in turn, would see SHIB rallying over 231% from the current price level to retest its $0.00003629. With the attainment of a new yearly high, this would open the doors for a continued rally close to SHIB’s all-time high. Looking ahead, Marks remains steadfast in his long-term target for SHIB, which he initially outlined in his first technical analysis back in September 2023. According to him, “the $0.000081 target is still in play.”\u00a0 The $0.000081 price point has been a central focus of Marks\u2019 analysis since his initial coverage of SHIB\u2019s price analysis. To get to this price, SHIB would need to perform a 480% increase from the current price level. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.0000132. SHIB continues to steadily attract investor interest, with whale activity recently seeing a drastic increase. According to analysts at Santiment, the interest surrounding meme coins, including SHIB, has been really quiet in the past few weeks. Related Reading: Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold Santiment analysts believe that the low levels of activity and reduced market excitement could be signs that SHIB is approaching a bottom and laying the groundwork for a potential rebound. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":640266,"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":[93011,6664,26263,14690,83668,89178,84473,89157,86437,84562,84558],"class_list":["post-640238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-analystshiba-inu","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Recovery To $0.000081 ATH Levels Still In Play<\/title>\n<meta name=\"description\" content=\"Meme coin Shiba Inu now finds itself trading between a narrow range of $0.000013 on the support side and $0.00001370 on the 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Recovery To $0.000081 ATH Levels Still In Play","url":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-recovery-0-000081\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-recovery-0-000081\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Shiba-Inu.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Shiba-Inu.jpeg?fit=1792%2C1024"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analystshiba inu","crypto","crypto analyst","crypto news","shib","shib news","shib price","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-09-06T16:00:02Z","datePublished":"2024-09-06T16:00:02Z","dateModified":"2024-09-06T16:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Recovery To $0.000081 ATH Levels Still In Play\",\"url\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-recovery-0-000081\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-recovery-0-000081\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Shiba-Inu.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Shiba-Inu.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analystshiba inu\",\"crypto\",\"crypto analyst\",\"crypto news\",\"shib\",\"shib news\",\"shib price\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-09-06T16:00:02Z\",\"datePublished\":\"2024-09-06T16:00:02Z\",\"dateModified\":\"2024-09-06T16:00:02Z\"}<\/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\/09\/Shiba-Inu.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640238"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=640238"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640238\/revisions"}],"predecessor-version":[{"id":640272,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640238\/revisions\/640272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/640266"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=640238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=640238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=640238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}