Shiba Inu

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/shiba-inu-price-analysis-with-shibarium-back-to-work-will-shib-price-resurface-above-0-000010/">Shiba Inu Price Analysis: With Shibarium Back To Work, Will SHIB Price Resurface Above $0.000010?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the recent embarrassment of the Shibarium network failing to respond, the layer-2 scaling solution for the Shiba Inu blockchain is now live. Despite the initially rocky start, the market welcomes the news with open hands.&nbsp; 
With a 2.24% jump last night in response to the Shibarium network, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/" rel="noopener noreferrer nofollow">SHIB coin price</a> forms a strong bullish candle with a long tail.&nbsp; 
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Following the 23% drop in just four days, SHIB price enters a diagonal low momentum trend. In the 4-hour chart, the Shiba Inu price action forms a symmetrical triangle pattern. The 50 EMA provides additional resistance to the triangle pattern along with the resistance trendline.&nbsp; 
The last night jump completes the positive cycle in the triangle pattern and faces rejection from the resistance confluence. Currently, the SHIB price trades at $0.00000811 with an intraday fall of 1.09%, undermining the recent gains. 
<h2 id="will-shiba-inu-prices-resurface-above-0-000010" data-name="will-shiba-inu-prices-resurface-above-0-000010" class="wp-block-heading">Will Shiba Inu Prices Resurface Above $0.000010?</h2> 
Trapped in a symmetrical triangle, SHIB prices coil up the trend momentum as it prepares a sharp breakout move shortly. With the ongoing correction in the triangle, the bearish phase may soon challenge the support trendline.&nbsp; 
Therefore, the SHIB price may soon reach the $0.00000794 mark, close to the support trendline. However, a bounce back from the support trendline is what buyers are eyeing for. If the sellers overtake trend control, the downfall may test the $0.00000750 mark.&nbsp; 
On a positive note, if the SHIB price manages to break above the resistance trendline, it may resurface above $0.0000090. The recovery rally can pump Shiba Inu drastically to reach the overhead resistance of $0.000010.

Shiba Inu Price Analysis: With Shibarium Back To Work, Will SHIB Price Resurface Above $0.000010?

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