Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	14,732,021,832	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

14,732,021,832

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000025	0.000025	0.000025

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000025

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000025	0.000024	0.000025	0.000025	0.00000600 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000025

0.000024

0.000025

0.00000600 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:52:23	130,492.00	0.000025	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:52:23

130,492.00

0.000025

USD

Price x Volume	Volume	Base Symbol	Related Pairs
13,212,062.64	164,296,709,748.55	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

13,212,062.64

164,296,709,748.55

Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend

21/05/2024 3:00pm

NEWSBTC

In a noteworthy development for Shiba Inu investors and traders, well-known cryptocurrency analyst and enthusiast Javon Marks has verified SHIB’s break out from the Bull Flag pattern, an indicator that typically signals the start of an upward price movement. Shiba Inu Breakout To Trigger A Continuation 210% Price Increase Mark’s emphasis delves into the current bullish momentum surrounding Shiba Inu, which has caused traders and investors in the meme coin market to feel optimistic once again, indicating that the crypto asset could be positioned for more gains. Related Reading: If This Happens, Shiba Inu Price Could Double Soon According to the expert, SHIB has now exited a smaller Bull Flag-like pattern, and it is currently holding above it. This breakout appears to be significant as Javon Marks noted that it could start another major wave in an already enormous run on the upside. Specifically, this lesser break can trigger a continuation in an over 210% (3X) run to $0.000081 from the $0.0000254 level, provided that the larger breakout also holds. In addition, should Shiba Inu surpass the $0.000081 level, it might be poised for an additional 90% increase to the $0.0001553 mark. The post read: With a larger breakout also holding, this smaller break can initiate a continuation in an over 210% run to the $0.000081 target which is more than 3X from here. A break above $0.000081 and SHIB may just be set for another +90% move to $0.0001553. The analyst further drew attention to his previous forecasts, in which he predicted a run to the $0.000081 price level. He previously noted that Shiba Inu has made a strong comeback and appears to be primed for yet another huge surge towards the $0.000081 target. Thus, given the progressive breakout from the resisting trend, another 141% upside move to hit the aforementioned price target may not be far off. Also, following price declines, SHIB will garner strength to reach the level and move even higher to $0.0001553. Pullbacks To Buttress The Move Javon Mark affirms that since SHIB’s break out from the resisting trend, it has increased by over 129%, suggesting that a run is well within reach. At this point, Marks claims that as long as current prices maintain their breakout, pullbacks might only enhance these prices. Additionally, an extra 252% price increase toward $0.000081 will be aided by these pullbacks. Related Reading: Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? It is important to note that the analyst’s prediction began when SHIB ended a 441-day downtrend in September last year. Given the significance of the development, Marks believed SHIB was about to surge, putting his target at $0.000081, a 975% rise from $0.0000074. As of the time of writing, Shiba Inu was trading at $0.0000257, demonstrating over 6% growth in the past day. Both its market cap and trading volume have also attracted significant gains of about 6.83% and 147%, respectively. Featured image from Shutterstock, chart from Tradingview.com

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