CandleFocus Shiba Inu (SHIB) Charts Suggest Potential for Larger Upward Diagonal
2024-10-16
Author: Content Editor
The article discusses the current state of Shiba Inu (SHIB) and its competitor Dogecoin (DOGE). Shiba Inu, the second-largest meme coin, is currently trading between $0.000011 and $0.000020 and is down 79.01% from its all-time high in October 2021. However, an analyst has predicted a target price of $0.00008614 for SHIB in the current cycle, which could result in the coin increasing in value by almost four times. SHIB is currently trading at $0.000019 and has a market cap of $11.21 billion. On the other hand, DOGE has seen a 10.54% jump in the past 24 hours and is trading at $0.1279. The article concludes with a TradingView chart indicating that bullish momentum and demand for SHIB remain high.
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