SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge
- Shiba Inu (SHIB) is gearing up for a 20% price surge, according to a prominent analyst.
- The meme token broke above the resistance at the 20-day EMA at $0.00001330.
- In the past day, the SHIB burn rate has dropped 94.68% with only 1.7 million tokens burned.
Shiba Inu (SHIB) is in focus as analysts predict a strong upward movement for the popular meme coin.
Based on both on-chain data and technical indicators, a 20% rally is on the horizon—if SHIB can clear a critical resistance level.
What Technical Pattern Suggests a Potential SHIB Rally?
Pseudonymous cryptocurrency analyst Satori BTC has identified a bullish pattern forming in Shiba Inu’s price action.
According to Satori’s analysis, the altcoin has been developing an inverse head and shoulders (H&S) pattern. This is a well-known technical analysis pattern that typically signals a market bottom and can indicate the end of a recent downtrend.
Examining the four-hour SHIB/USDT chart, SHIB has repeatedly tested the resistance level at $0.0000134. A decisive breakout above this level is anticipated to be the catalyst for the widely exp…
The post SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge appeared first on Coin Edition.
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SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge
- Shiba Inu (SHIB) is gearing up for a 20% price surge, according to a prominent analyst.
- The meme token broke above the resistance at the 20-day EMA at $0.00001330.
- In the past day, the SHIB burn rate has dropped 94.68% with only 1.7 million tokens burned.
Shiba Inu (SHIB) is in focus as analysts predict a strong upward movement for the popular meme coin.
Based on both on-chain data and technical indicators, a 20% rally is on the horizon—if SHIB can clear a critical resistance level.
What Technical Pattern Suggests a Potential SHIB Rally?
Pseudonymous cryptocurrency analyst Satori BTC has identified a bullish pattern forming in Shiba Inu’s price action.
According to Satori’s analysis, the altcoin has been developing an inverse head and shoulders (H&S) pattern. This is a well-known technical analysis pattern that typically signals a market bottom and can indicate the end of a recent downtrend.
Examining the four-hour SHIB/USDT chart, SHIB has repeatedly tested the resistance level at $0.0000134. A decisive breakout above this level is anticipated to be the catalyst for the widely exp…
The post SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge appeared first on Coin Edition.
Read More