CandleFocus Shiba Inu Price Prediction: Is a Déjà Vu Rally on the Horizon?
2024-12-14
Author: Content Editor
The Shiba Inu (SHIB) team has tweeted a cryptic message suggesting that the market may be experiencing a déjà vu moment. The Shiba Inu community believes that the similarities in current market conditions could lead to a positive shift for the token. A crypto analyst has outlined price targets for SHIB against USDT, suggesting that as Bitcoin's dominance decreases, Shiba Inu may gain upward momentum. The chart shows the possibility for SHIB to break past its previous highs, with the formation of a bullish "cup and handle" pattern. SHIB is currently priced at $0.00002836, with trading volume decreasing and caution remaining among investors. Short-term indicators show consolidation and market indecision. However, if the RSI moves above 50, it could indicate growing bullish sentiment.
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