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SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge


by Parth Dubey
for CoinEdition

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Shiba Inu (SHIB) Eyes 20% Rally if Key Resistance Breaks
  • 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.

https://twitter.com/satori_btc/status/1904527439713145294

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 the article at CoinEdition

In This News

Coins

$ 93.02K

+1.24%

$ 1.00019

0%

$ 0.016

+0.91%

$ 0.00...361

$ 0.000207


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In This News

Coins

$ 93.02K

+1.24%

$ 1.00019

0%

$ 0.016

+0.91%

$ 0.00...361

$ 0.000207


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SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge


by Parth Dubey
for CoinEdition

Share:

Shiba Inu (SHIB) Eyes 20% Rally if Key Resistance Breaks
  • 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.

https://twitter.com/satori_btc/status/1904527439713145294

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 the article at CoinEdition

In This News

Coins

$ 93.02K

+1.24%

$ 1.00019

0%

$ 0.016

+0.91%

$ 0.00...361

$ 0.000207


Share:

In This News

Coins

$ 93.02K

+1.24%

$ 1.00019

0%

$ 0.016

+0.91%

$ 0.00...361

$ 0.000207


Share:

Read More

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