{"id":646889,"date":"2024-10-08T21:30:21","date_gmt":"2024-10-08T21:30:21","guid":{"rendered":"https:\/\/wncen.com\/?p=646889"},"modified":"2024-10-08T11:18:35","modified_gmt":"2024-10-08T11:18:35","slug":"shiba-inu-price-set-to-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-price-set-to-rally\/","title":{"rendered":"Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish"},"content":{"rendered":"

The price of Shiba Inu <\/span>might be currently declining<\/span><\/a>, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now <\/span>flashing a strong buy signal <\/span><\/a>based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.\u00a0<\/span><\/p>\n

In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB\u2019s recent price action in conjunction with this oscillator, revealing that it is ready for<\/span> at least a 5x move<\/span><\/a> to its all-time high, up until a bigger 2430% increase to a target of $0.00047.<\/span><\/p>\n

Shiba Inu Flashes Buy Signal<\/h2>\n

Cantonese Cat’s latest<\/span> analysis on Shiba Inu <\/span><\/a>offers an interesting angle to the meme coin’s price action alongside other altcoins. <\/span>The video in which<\/span><\/a> he shared his analysis covers the <\/span>current SHIB movement<\/span><\/a> in relation to the larger altcoin market. As such, the analyst notes that Shiba Inu is one of ten cryptocurrencies among Optimism, Avalanche, Cardano, Chainlink, Boba Network, COTI, Amp, Cartesi, and Injective, which are all flashing a buy signal with the L3 Banker Fund Flow Trend Oscillator.\u00a0<\/span><\/p>\n

Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible<\/a><\/div>\n

The L3 Banker Fund Flow Trend Oscillator is a technical indicator used to analyze the flow of capital in and out of cryptocurrencies among large market participants. A detailed analysis of SHIB’s price action with this indicator shows that this buy signal is extremely rare. The last time it flashed a buy signal for SHIB was in July 2023. <\/span><\/p>\n

At that time, SHIB was trading below $0.000008. What’s more interesting is that even though the buy signal appeared then, SHIB\u2019s price continued to consolidate for another six months before finally experiencing a strong rally in February 2024 during the broader crypto market upturn. <\/span>Fast forward to October 2024, and SHIB is now showing another sign of a bullish rally with the L3 Banker Fund Flow Trend Oscillator.<\/span><\/p>\n

SHIB Price Targets To Expect<\/h2>\n

Although the buy signal is derived from the banker fund oscillator, the analyst uses Fibonacci levels to predict potential targets when the breakout eventually occurs. The first target is the 1 Fibonacci extension level, which aligns with SHIB\u2019s current all-time high of $0.0000884. He also noted an ultimate “crazy target” for those anticipating a bigger surge. This ultimate target is at the 1.618 Fibonacci extension level, which aligns with $0.00047.\u00a0<\/span><\/p>\n

Related Reading: Here\u2019s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet<\/a><\/div>\n
\"Shiba
Source: X<\/figcaption><\/figure>\n

Reaching this price would require SHIB to <\/span>break through multiple resistance levels<\/span><\/a>, both before and after surpassing its all-time high. Achieving this \u201ccrazy target\u201d would represent a 2,430% increase or approximately a 30x jump from the current price level. Cantonese Cat suggests that this target could be achieved by August or September 2025, although he admits this is a highly ambitious target. According to him, a more feasible target is a 10x run from the current SHIB price.<\/span><\/p>\n

At the time of writing, SHIB is trading at $0.00001733 and is down by 6% in 24 hours.\u00a0<\/span><\/p>\n

\"Shiba
SHIB price still holding up | 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":"

The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.\u00a0 In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB\u2019s recent price action in conjunction with this oscillator, revealing that it is ready for at least a 5x move to its all-time high, up until a bigger 2430% increase to a target of $0.00047. Shiba Inu Flashes Buy Signal Cantonese Cat’s latest analysis on Shiba Inu offers an interesting angle to the meme coin’s price action alongside other altcoins. The video in which he shared his analysis covers the current SHIB movement in relation to the larger altcoin market. As such, the analyst notes that Shiba Inu is one of ten cryptocurrencies among Optimism, Avalanche, Cardano, Chainlink, Boba Network, COTI, Amp, Cartesi, and Injective, which are all flashing a buy signal with the L3 Banker Fund Flow Trend Oscillator.\u00a0 Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible The L3 Banker Fund Flow Trend Oscillator is a technical indicator used to analyze the flow of capital in and out of cryptocurrencies among large market participants. A detailed analysis of SHIB’s price action with this indicator shows that this buy signal is extremely rare. The last time it flashed a buy signal for SHIB was in July 2023. At that time, SHIB was trading below $0.000008. What’s more interesting is that even though the buy signal appeared then, SHIB\u2019s price continued to consolidate for another six months before finally experiencing a strong rally in February 2024 during the broader crypto market upturn. Fast forward to October 2024, and SHIB is now showing another sign of a bullish rally with the L3 Banker Fund Flow Trend Oscillator. SHIB Price Targets To Expect Although the buy signal is derived from the banker fund oscillator, the analyst uses Fibonacci levels to predict potential targets when the breakout eventually occurs. The first target is the 1 Fibonacci extension level, which aligns with SHIB\u2019s current all-time high of $0.0000884. He also noted an ultimate “crazy target” for those anticipating a bigger surge. This ultimate target is at the 1.618 Fibonacci extension level, which aligns with $0.00047.\u00a0 Related Reading: Here\u2019s Where We Are In The Bitcoin Bull Cycle According To The Wall Street Cheat Sheet Reaching this price would require SHIB to break through multiple resistance levels, both before and after surpassing its all-time high. Achieving this \u201ccrazy target\u201d would represent a 2,430% increase or approximately a 30x jump from the current price level. Cantonese Cat suggests that this target could be achieved by August or September 2025, although he admits this is a highly ambitious target. According to him, a more feasible target is a 10x run from the current SHIB price. At the time of writing, SHIB is trading at $0.00001733 and is down by 6% in 24 hours.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":646925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[167,6664,26263,14690,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-646889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish<\/title>\n<meta name=\"description\" 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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. 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