{"id":637426,"date":"2024-02-16T15:43:40","date_gmt":"2024-02-16T14:43:40","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=637426"},"modified":"2024-02-16T15:43:40","modified_gmt":"2024-02-16T14:43:40","slug":"shiba-inu-shib-price-resurgence-key-support-holds-bullish-momentum-grows","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/de\/shiba-inu-shib-price-resurgence-key-support-holds-bullish-momentum-grows\/","title":{"rendered":"Shiba Inu (SHIB) Price Resurgence: Key Support Holds, Bullish Momentum Grows"},"content":{"rendered":"<ul>\n<li><b>Analysts observe that Shiba Inu is about to start its bullish run despite having a bullish market sentiment.\u00a0<\/b><\/li>\n<\/ul>\n<ul>\n<li><b>Another analyst has also predicted that Shiba Inu could hit three main price targets &#8211; $0.00001011, $0.00001193, and $0.00001309.\u00a0<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Shiba Inu (<a href=\"https:\/\/www.crypto-news-flash.com\/de\/vechain-vet-bereitet-sich-auf-einen-kursausbruch-vor-shiba-inu-shib-und-nuggetrush-nugx-stehen-vor-grossen-markteinfuehrungen\/\" target=\"_blank\" rel=\"noopener\">SHIB<\/a>) <\/span><a href=\"https:\/\/beincrypto.com\/shib-confirm-bullish-trend\/\" target=\"_blank\" rel=\"nofollow noopener\">responds <\/a><span style=\"font-weight: 400;\"> to the ongoing rally with a <span style=\"color: #008000;\">6%<\/span> surge in just seven days to retest its $0.00001 resistance level. In the past 24 hours, Shiba Inu has surged by <span style=\"color: #008000;\">1.2%<\/span> with a market cap of $5,879,777,757<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"cryptoboxes\" id=\"mcw-435420\" data-realtime=\"on\"><div class=\"mcw-chart mcw-chart-light\" data-font = \"inherit\" data-coin = \"shiba-inu\" data-symbol = \"SHIB\" data-currency = \"USD\" data-rate = \"1\" data-type = \"chart\" data-view = \"day\" data-theme = \"light\" data-smooth = \"true\" data-areacolor = \"\" data-bgcolor = \"\"><\/div><\/div><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since June 2023, the asset has been trading within an ascending parallel channel, contributing to the $0.0000120 high recorded in December. After some time, the asset fell to $0.0000092, establishing support around the area before staging a bullish reversal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, Shiba Inu is said to have reached a confluence of horizontal and Fib resistance levels. Even though Shiba Inu has not broken out yet, its Relative Strength Index (RSI) is showing a bullish reading. This metric is used to assess whether an asset has been overbought or oversold. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A quick price analysis of the daily time frame by analysts shows that Shiba Inu broke out from a descending resistance trend on February 9. The current price level is said to have been created by the 0.5 Fib retracement resistance level. When the asset breaks out from the confluence of resistance levels, it could cause a 30% surge to trade at $0.0000125. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the analysts, a breakdown of the $0.00000920 would also invalidate the bullish prediction. In that case, the asset could undergo a 20% fall to the ascending support trendline at $0.00000800.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">More on the Shiba Inu Price Analysis<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Analysts identified as Crypto Rand also observed that it surged by 57% from the November 21, 2023, low of $0.00000761 to the December 17, 2023, high of $0.00001195. When the asset was trading at $0.000009 on January 31, the analyst advised investors to keep an eye on Shiba Inu. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From the current price behavior, analyst SHIB KNIGHT believes that $0.00000953 is the support level to watch. According to him, the market is looking good as it prepares for a bull run. In his analysis, four price targets were highlighted with the first one fixed at $0.00001011. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From this level, the price could move to $0.00001193, and $0.00001309. The final price target is expected to be $0.00001492 according to the analyst. He also mentioned three support levels that should be watched out for namely: $0.00000953, $0.00000896, and $0.00000880.<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">SHIB 1WEEK Chart. <\/span>Shiba Inu breaks the downtrend on the weekly chart &amp; it&#8217;s at 953 support now. The market is good, the next leg is loading. Targets: 1011, 1193, 1309, 1492. Supports: 953, 896, 880.<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Compared to the largest <a href=\"https:\/\/www.crypto-news-flash.com\/de\/warum-es-klug-ist-bitcoin-jetzt-zu-horten-neuer-memecoin-im-wettbewerb-mit-render\/\" target=\"_blank\" rel=\"noopener\">meme coin<\/a> in the market, <a href=\"https:\/\/www.crypto-news-flash.com\/de\/was-ist-dogecoin-doge-die-spass-kryptowaehrung\/\" target=\"_blank\" rel=\"noopener\">Dogecoin<\/a>, Shiba Inu is generally doing well. Dogecoin was trading at <span style=\"color: #008000;\">$0.08698<\/span> as of press time. With a bullish market sentiment, the asset has surged by <span style=\"color: #008000;\">1.05%<\/span> in the last 24 hours, however, its three-month return is just <span style=\"color: #008000;\">2.4%.<\/span> In the last seven days, the asset has recorded a price gain of <span style=\"color: #008000;\">6%.<\/span> PEPE was also trading at <span style=\"color: #008000;\">$0.000001<\/span> after falling by <span style=\"color: #008000;\">1.6%<\/span> in the last 24 hours.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts observe that Shiba Inu is about to start its bullish run despite having a bullish market sentiment.\u00a0 Another analyst has also predicted that Shiba Inu could hit three main price targets &#8211; $0.00001011, $0.00001193, and $0.00001309.\u00a0 Shiba Inu (SHIB) responds to the ongoing rally with a 6% surge in just seven days to retest<\/p>\n","protected":false},"author":44,"featured_media":318537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-637426","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/637426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/comments?post=637426"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/637426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media\/318537"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media?parent=637426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/categories?post=637426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/tags?post=637426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}