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<p>Twitter analyst, World of Charts, has recently <a href="https://twitter.com/WorldOfCharts1/status/1685524452325609474" target="_blank" rel="noopener noreferrer nofollow">shared </a>some bullish predictions for $SHIB. In a recent tweet, the technical analysis expert noted that $SHIB was finally breaking a falling wedge pattern, with decent volume coming in. He expected a massive breakout and, in case of a successful breakout, he predicted a 150 – 180% bullish rally.</p> 
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<p>World of Charts, in another tweet confirmed that the falling wedge breakout had indeed occurred as expected, further solidifying the expectation of a massive bullish rally.</p> 
<p>This bullish outlook is supported by data from Altfins, which identifies an Ascending Triangle pattern, a bullish breakout from which could signal a possible trend reversal. The upside potential is to $0.000010 resistance, which is also the 200-day Moving Average. The trend is upward on a short-term basis, neutral on a medium-term basis, and downward on a long-term basis. </p> 
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 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-1024x573.png" alt="" class="wp-image-304524" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-131-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p>The momentum is bullish, with the MACD Line above the MACD Signal Line and the RSI above 55. The nearest support zone is at $0.0000055, and the nearest resistance zone is at $0.0000080, which it has broken, then $0.0000100, and $0.00001200.</p> 
<p>However, amidst this bullish outlook, there is a notable slump in the burn rate of $SHIB. According to data from <a href="https://www.shibburn.com/" target="_blank" rel="noopener noreferrer nofollow">Shibburn</a>, the burn rate has decreased by 51.99% in the last 24 hours. As of the latest data, the Shiba Inu (SHIB) token is currently trading at $0.000008367, marking a 1.32% increase over the last 24 hours. The 24-hour trading volume for SHIB is about $147.15 million.</p> 
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<p>In conclusion, while the technical analysis and patterns suggest a bullish outlook for $SHIB, it’s crucial to keep an eye on the burn rate and other fundamental factors.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/massive-shiba-inu-shib-bull-run-ahead-twitter-analysts-bold-150-180-forecast/">Massive Shiba Inu (SHIB) Bull Run Ahead? Twitter Analyst’s Bold 150-180% Forecast – Here’s His Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Massive Shiba Inu (SHIB) Bull Run Ahead? Twitter Analyst’s Bold 150-180% Forecast – Here’s His Outlook

CaptainAltcoin

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