Shiba

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<img width="1200" height="681" src="https://coingape.com/wp-content/uploads/2023/12/byPAkMbZ-e1701620132942.png" class="attachment-full size-full wp-post-image" alt="SHIB price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Shiba Inu Price Prediction: November saw heightened volatility across the cryptocurrency market, leading to a sideways movement for most major cryptocurrencies. However, the Shiba Inu (SHIB) experienced a more pronounced downturn, plunging from $0.00000932 to $0.0000063, marking a 27% decrease. Despite this sharp correction, analysis of the daily timeframe chart suggests that this is part of a <a href="https://coingape.com/markets/shiba-inu-price-prediction-is-0-00001-a-target-in-december/">bullish continuation pattern</a>, indicating that the overall upward trend for Shiba Inu remains intact. 
Also Read: <a href="https://coingape.com/shiba-inu-shib-price-forecast-with-ai-insights-december-1/">Shiba Inu (SHIB) Price Forecast With AI Insights For December 1</a> 
<h2 id="b-is-shib-price-ready-for-0-00001-b">Is SHIB Price Ready for $0.00001?</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">A bullish breakout from the flag pattern sets the SHIB price for 38% growth.</li> 
 <li style="font-weight: 400;" aria-level="1">The rising SHIB price could face significant resistance at $0.0000096 or $0.000011</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume of the Shiba Inu coin is $147.5 Million, showing a 45% gain.</li> 
</ul> 
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 <img decoding="async" src="https://s3.tradingview.com/snapshots/b/byPAkMbZ.png" alt="Shiba Inu Price Prediction" width="1946" height="1105">
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 Shiba Inu Price Prediction | TradingView Chart
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The <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> recent surge past the $38,000 barrier has infused the crypto market with renewed optimism. In this positive climate, the SHIB price exhibited a bullish breakout from its flag pattern resistance on December 2nd.&nbsp; 
This movement signals that the recent correction has helped rejuvenate the bullish momentum, setting the stage for further recovery. Currently, the <a href="https://coingape.com/price/shiba-inu/">Shiba Inu price</a> is trading at $0.0000108, with a minor intraday loss of 1.3%. It seems poised to retest the breached trendline.&nbsp; 
<blockquote>
 Should the SHIB price maintain stability above this level, a 15% rally to $0.0000096 could be on the horizon, potentially extending toward $0.0000115.&nbsp;
</blockquote> 
Conversely, if the price falls back into the flag pattern during the retest phase, it would invalidate the bullish projection. 
<h2 id="strong-massive-surge-in-shibarium-s-daily-transaction-strong">Massive Surge in Shibarium’s Daily Transaction</h2> 
Shibarium, a Layer 2 (L2) blockchain solution within the Shiba Inu ecosystem, has recently seen a dramatic <a href="https://coingape.com/shiba-inu-price-soars-record-breaking-shib-burns-shibarium-transactions-fuel-optimism/">surge in daily transactions</a>. This increase began on November 30th and saw daily transactions skyrocket from 748,230 to an astonishing 7.41 million by December 2nd, marking an almost 890% rise. This surge is credited to increased user activity, rising gas prices, and an uptick in token-burning activity. As a result, Shibarium has now achieved over 1.90 million total blocks, with transactions exceeding 22.5 million and wallet addresses surpassing 1.28 million. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> slope sustaining above 50% reflects the positive sentiment of the market is intact.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: the SHIB price rise above the 200-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a>, offers an extra edge to market buyers.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/shiba-inu-price-prediction-as-buyers-chase-0-00001/">Shiba Inu Price Prediction As Buyers End 3-Week Correction to Chase $0.00001&nbsp;</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Shiba Inu Price Prediction As Buyers End 3-Week Correction to Chase $0.00001

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