Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

What Is Proof-of-Authority (PoA)?

2025-05-10

Bitcoin hits $ 100k – so why do BTC ETF stream slow down suddenly?

2025-05-10

NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Decentralized AI Society to run Hypercycle Masternode

    2025-05-09

    Agi Open Network Partners with AI Sim for Smarter, faster AI agents

    2025-05-09

    Hela Labs to redefine decentralized data possession in collaboration with Insight Genesis

    2025-05-09

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

    2025-05-09

    XRP analyst marks XDC for 3,350% starts as bullish statistics appear

    2025-05-09

    Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

    2025-05-09

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Shiba Inu Gears Up For Huge Bullish Wave After Up 8%
Altcoins

Shiba Inu Gears Up For Huge Bullish Wave After Up 8%

2024-11-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Shiba Inu (SHIB), the second largest memecoin by market cap, has seen a daily increase of 8% following Bitcoin’s rise to $70,000. Amid the market volatility, the token is attempting to recover a key resistance level, which could push the price to a 110% rally.

Related reading

Shiba Inu will soon see a 110% increase

In Shiba Inu’s recent performance, the cryptocurrency showed red numbers in various time frames. After the market’s most recent pullback, SHIB returned 13% to its lowest weekly level of $0.00001632 recorded on November 3.

However, the token is up 12% from its seven-day low and recovered the $0.000018 resistance level on Thursday. SHIB’s performance is seemingly fueled by BTC’s recent jump to the $70,000 mark, which pushed the memecoin above the $0.00001855 resistance before bouncing back.

Furthermore, the token’s daily activity has increased by 67% over the past 24 hours, amounting to a daily trading volume of almost $730 million.

Some market watchers highlighted Shiba Inu’s recent performance, suggesting the token is preparing for a huge rally in the coming days. Analyst Globe of Crypto stated that SHIB is looking positively at retesting the resistance of the Descending Broadening Wedge pattern.

According to the afterIf the 1-day candle surpasses the $0.000019 resistance level, the memecoin could see a breakout from the formation. This zone was a crucial recovery level for the Shiba Inu’s 136% rally in early March.

As a result, the analyst believes that a successful break and regain of this level could trigger a “100-110% bullish wave,” which could push the price towards the $0.000040 zone.

See also  American institutions are in charge

Is $0.000081 the next big target?

Crypto analyst Javon Marks predicted a 351% increase towards SHIB’s all-time high (ATH) levels. The analyst noted that Shiba Inu broke out of a multi-month falling wedge pattern in early 2024, sending the price to first-quarter highs.

Since then, the memecoin has been moving within a new multi-month bearish wedge formation, after registering a 70% correction from its yearly high of $0.000043. SHIB broke out of this pattern around the end of the third quarter, kicking off the token’s one-month 58% rally.

Despite the recent market setback, the analyst notes that Shiba Inu remained above breakout levels, confirming a “bull pattern with the RSI on the daily chart.” Marks believes the memecoin’s next surge is in its early stages and sets the rally target at $0.000081.

Related reading

Similarly, another market watcher shared his positive outlook for the Shiba Inu price. Investment Port Analyst suggested that current levels of SHIB are not a cause for concern as there is “no long-term trend reversal.”

For the analyst, the memecoin levels to watch are between the prices of $0.0000133-$0.00001444, as losing this support zone could mean a trend shift. However, Shiba Inu needs to regain the $0.000020 mark to continue its upward trajectory.

At the time of writing, SHIB is trading at $0.00001828, up 8% in the daily time frame.

Shiba Inu, SHIB, SHIBUSDT
Performance of Shiba Inu (SHIB) on the weekly chart. Source: SHIBUSDT on Trading view

Featured image from Unsplash.com, chart from TradingView.com

Source link

Bullish Gears Huge Inu Shiba Wave
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s rare on-chain phase Has it just touched is $ 120k next?

2025-05-09

XRP analyst marks XDC for 3,350% starts as bullish statistics appear

2025-05-09

Sol Price approaches a great resistance around $ 181 amide Altcoin Fomo

2025-05-09

Trader says that the market is ready for a strong reversal after Bullish Move – here is his target for Ethereum and Altcoins

2025-05-09
Add A Comment

Comments are closed.

Top Posts

Tron Foundation Files Motion to Have SEC Lawsuit Dismissed, Says Agency ‘Not a Global Regulator’

2024-04-02

Hyperliquid falls under the key support – will hype -crash to $ 13 next?

2025-02-24

Bitcoin Price Struggles Post Expected Fed Result, More Losses Ahead?

2023-07-27
Editors Picks

Are NFT markets in a death spiral or ready for a resurgence?

2023-09-12

Aptos: Review that caused APT prices to increase by double digits

2023-12-13

Pain after ETF: Bitcoin plummets 20%

2024-01-24

Bitcoin price in problems? Beerarish Divergence, who has led to Marktcrash Previous Cycle has returned

2025-02-01
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

What Is Proof-of-Authority (PoA)?

Bitcoin hits $ 100k – so why do BTC ETF stream slow down suddenly?

NFT-Ecosystemtoken built on Solana (SOL) Hapert after obtaining surprise support from Binance Futures

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,176.100.43%
  • ethereumEthereum(ETH)$2,341.145.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.363.10%
  • binancecoinBNB(BNB)$658.395.31%
  • solanaSolana(SOL)$170.845.54%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2088847.67%
  • cardanoCardano(ADA)$0.782.94%
  • tronTRON(TRX)$0.2636083.66%
  • suiSui(SUI)$3.941.37%
  • chainlinkChainlink(LINK)$15.992.49%
  • avalanche-2Avalanche(AVAX)$23.496.35%
  • stellarStellar(XLM)$0.3003253.12%
  • shiba-inuShiba Inu(SHIB)$0.0000156.90%
  • hedera-hashgraphHedera(HBAR)$0.2041335.28%
  • bitcoin-cashBitcoin Cash(BCH)$416.02-0.11%
  • hyperliquidHyperliquid(HYPE)$24.703.07%
  • the-open-networkToncoin(TON)$3.312.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-1.56%
  • polkadotPolkadot(DOT)$5.0513.33%
  • litecoinLitecoin(LTC)$102.998.65%
  • moneroMonero(XMR)$318.446.76%
  • bitget-tokenBitget Token(BGB)$4.786.81%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.00001214.89%
  • piPi(PI)$0.738.45%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.434.01%
  • bittensorBittensor(TAO)$441.874.04%
  • nearNEAR Protocol(NEAR)$2.946.83%
  • aptosAptos(APT)$5.642.04%
  • okbOKB(OKB)$54.874.68%
  • aaveAave(AAVE)$211.763.54%
  • ondo-financeOndo(ONDO)$1.013.00%
  • internet-computerInternet Computer(ICP)$5.556.67%
  • ethereum-classicEthereum Classic(ETC)$19.224.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.203.29%
  • kaspaKaspa(KAS)$0.1056007.62%
  • gatechain-tokenGateToken(GT)$22.192.79%
  • crypto-com-chainCronos(CRO)$0.1009082.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2565763.83%
  • vechainVeChain(VET)$0.0302265.08%
  • mantleMantle(MNT)$0.773.32%
  • render-tokenRender(RENDER)$5.006.71%
  • ethenaEthena(ENA)$0.37067210.17%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • algorandAlgorand(ALGO)$0.2334354.00%
  • filecoinFilecoin(FIL)$3.012.52%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.848.18%
  • bitcoinBitcoin(BTC)$103,176.100.43%
  • ethereumEthereum(ETH)$2,341.145.81%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.363.10%
  • binancecoinBNB(BNB)$658.395.31%
  • solanaSolana(SOL)$170.845.54%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2088847.67%
  • cardanoCardano(ADA)$0.782.94%
  • tronTRON(TRX)$0.2636083.66%
  • suiSui(SUI)$3.941.37%
  • chainlinkChainlink(LINK)$15.992.49%
  • avalanche-2Avalanche(AVAX)$23.496.35%
  • stellarStellar(XLM)$0.3003253.12%
  • shiba-inuShiba Inu(SHIB)$0.0000156.90%
  • hedera-hashgraphHedera(HBAR)$0.2041335.28%
  • bitcoin-cashBitcoin Cash(BCH)$416.02-0.11%
  • hyperliquidHyperliquid(HYPE)$24.703.07%
  • the-open-networkToncoin(TON)$3.312.96%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-1.56%
  • polkadotPolkadot(DOT)$5.0513.33%
  • litecoinLitecoin(LTC)$102.998.65%
  • moneroMonero(XMR)$318.446.76%
  • bitget-tokenBitget Token(BGB)$4.786.81%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.00001214.89%
  • piPi(PI)$0.738.45%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.434.01%
  • bittensorBittensor(TAO)$441.874.04%
  • nearNEAR Protocol(NEAR)$2.946.83%
  • aptosAptos(APT)$5.642.04%
  • okbOKB(OKB)$54.874.68%
  • aaveAave(AAVE)$211.763.54%
  • ondo-financeOndo(ONDO)$1.013.00%
  • internet-computerInternet Computer(ICP)$5.556.67%
  • ethereum-classicEthereum Classic(ETC)$19.224.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.203.29%
  • kaspaKaspa(KAS)$0.1056007.62%
  • gatechain-tokenGateToken(GT)$22.192.79%
  • crypto-com-chainCronos(CRO)$0.1009082.36%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2565763.83%
  • vechainVeChain(VET)$0.0302265.08%
  • mantleMantle(MNT)$0.773.32%
  • render-tokenRender(RENDER)$5.006.71%
  • ethenaEthena(ENA)$0.37067210.17%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • algorandAlgorand(ALGO)$0.2334354.00%
  • filecoinFilecoin(FIL)$3.012.52%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.848.18%