Shiba

Dogecoin

Shiba Inu

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<p>The Shiba Inu (SHIB) meme is signaling a potential upswing in the market, with <a href="https://twitter.com/army_shiba/status/1717889564293964038" rel="noopener noreferrer nofollow">a bullish flag</a> being recently spotted on its chart. The Dogecoin competitor is currently trading at $0.00000782.</p>
<h2 id="deciphering-bullish-flag">Deciphering bullish flag</h2>
<p>A close look at the chart attached by the trader indicates that <a href="https://u.today/shiba-inu-shib-breaks-new-record-with-price-soaring-to-new-heights" rel="noopener noreferrer nofollow">SHIB</a> is undergoing a bullish flag formation, a classic technical analysis pattern that often suggests a continuation of an existing trend.&nbsp;</p>
<p>The flag pattern is characterized by an initial sharp upward move, known as the flagpole, followed by a consolidating phase that creates the "flag" shape.&nbsp;</p>
<blockquote>
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> is forming another bullish flag! Let's see! 👀 <a href="https://t.co/PBVJHpCET7" rel="noopener noreferrer nofollow">pic.twitter.com/PBVJHpCET7</a></p>— $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1717889564293964038?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 27, 2023</a>
</blockquote>
<p>Once the price breaks out above the consolidation zone, it is generally seen as a sign of an impending upward surge.&nbsp;</p>
<p>The green arrow on the chart emphasizes the potential trajectory of this breakout, pointing toward higher price levels.</p>
<h2 id="shib-s-price-performance">SHIB's price performance</h2>
<p>Currently ranked 19th in terms of market capitalization, Shiba Inu <a href="https://www.coingecko.com/en/coins/shiba-inu" rel="noopener noreferrer nofollow">boasts</a> a price of $0.00000781 after a modest 0.7% increase.&nbsp;</p>
<p>Over the past day, SHIB has oscillated between a low of $0.00000765 and a high of $0.00000793, showcasing <a href="https://u.today/bitcoin-btc-volatility-drops-to-historic-low-turbulence-coming" rel="noopener noreferrer nofollow">little volatility</a>. &nbsp;</p>
<p>However, it remains to be seen whether there is enough bullish momentum for the SHIB cryptocurrency to erase another zero.</p>

Shiba Inu (SHIB) Forms Major Bullish Pattern

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