CandleFocus Shiba Inu Surges 42% in 30 Days: Bullish Trend Targets $0.00000252
2024-10-18
Author: Content Editor
Summary: Shiba Inu has experienced a surge of 42% in the past 30 days and is testing a double-bottom breakout pattern. With a market cap of over $11 billion, it is currently trading at $0.000001883, with a 24-hour increase of 4.11% and a 7-day return of 11.47%. The bullish trend in the meme coin segment has reached a 30-day high of $57.41 billion, positioning Shiba Inu for a potential new 52-week high. The meme coin has shown a bullish reversal from the 38.20% Fibonacci level and is currently testing the neckline of the double-bottom pattern. Positive crossovers and histograms are observed in the MACD and signal lines. The 20, 50, 100, and 200 exponential moving averages (EMAs) maintain a positive alignment, indicating potential upward movement. Based on the Fibonacci level, a breakout could challenge the resistance trend line at $0.0000021145, with an optimistic target of $0.0000025226 by the end of the month. Potential support levels are at $0.0000177 and $0.0000160.
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