CandleFocus Fresh Buy Signal Puts Shiba Inu (SHIB) in Prime Position for 40% Rally
2024-09-19
Author: Content Editor
Shiba Inu (SHIB) may experience a bullish breakout following a period of correction and consolidation. The recent interest rate cut by the Federal Reserve has driven up crypto prices and contributed to SHIB's price increase. The price-Daily Active Addresses (DAA) divergence for SHIB has turned positive, indicating rising network activity and suggesting potential for further price increases. There has also been an increase in derivatives volume and a shift in the Funding Rate towards positive, indicating trader sentiment is leaning towards long positions and further price increases. Technical analysis suggests that SHIB could break above resistance levels and climb by 40% toward $0.0000019. However, if sellers regain control, the prediction may be invalidated and SHIB could decline to $0.000010.
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