CandleFocus Shiba Inu price analysis: Here’s why SHIB is set to explode higher
2024-12-05
Author: Content Editor
Shiba Inu (SHIB) price has surged, reaching its highest level since March 2021 due to the ongoing Bitcoin bull run. The coin has formed a bullish cup and handle pattern and a golden cross pattern, indicating potential for further growth. Additionally, SHIB has surpassed the Ichimoku cloud indicator and the RSI and Stochastic Oscillator are on the rise, suggesting that the coin may continue to soar. If bulls continue to push, the key resistance level of $0.000045 could be reached, representing a 40% increase from the current level. Factors contributing to SHIB's potential growth include the overall crypto bull market, the burning of coins, and the expansion of the ShibaSwap ecosystem.
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