CandleFocus Expert Says Shiba Inu in Accumulation Phase, Targets Breakout to $0.000037
2024-11-30
Author: Content Editor
Crypto enthusiasts and analysts are predicting an imminent price breakout for Shiba Inu (SHIB) as the token consolidates at higher levels. The consolidation phase has caused SHIB to drop in market cap ranking, but analysts believe that this accumulation is setting the stage for a significant price discovery. One analyst predicts a 42.6% surge to $0.000037 after the breakout, while another analyst is observing a likely breach in SHIB's symmetrical triangle range. Technical indicators, such as the RSI and MACD, also support the expectation of a price appreciation. Currently, SHIB trades at $0.00002616 with a market cap of $15.43 billion.
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