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The post <a href="https://coinpedia.org/price-analysis/watch-out-shib-price-ready-for-40-hike-upon-this-break/">WATCH OUT! SHIB Price Ready For 40% Hike Upon This Break!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Overcoming the bearish vibe leading to a flash pullback in the overall market, the bulls regain control as we move ahead. With Bitcoin making a morning star pattern with a 3.45% jump this Wednesday, the meme coins like the SHIB price, find a refueling moment.&nbsp; 
A similar morning star in the Shiba Inu daily chart reflects the buyers making a comeback and leading to a 5.85% jump within the last 48 hours. Hence, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu price prediction</a> hints at a successful bull run for meme coin to enter 2024 on a positive note.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-1024x485.png" alt="" class="wp-image-253498" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/14142658/SHIBUSDT_2023-12-14_13-52-59.png 1813w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source: <a href="https://www.tradingview.com/x/IZtqOo7N/">Tradingview</a> 
In the weekly chart, the rise in trading volume supports the second comeback of the SHIB price from $0.00000651. Currently, the bull run challenges the overhead neckline of the double bottom at $0.00001025 mark and eyes a breakout rally.&nbsp; 
With the buyers preparing to prolong the uptrend journey for Shiba Inu, the overnight price jump of 2.40% fueling the intraday growth of 3.57% today signals a breakout possibility. Further, the bullish comeback leads to a long-tail candle in the weekly chart taking support from the 50-week EMA. This increases the bullish sentiments for the meme coin in the weekly chart. 
Currently, the SHIB price trades at $0.00001014, slightly above the psychological mark but the strong momentum supports the uptrend. Further, the long tails in the morning star candles and the rise in trading volume predict a high breakout possibility.&nbsp; 
Technical indicators: 
MACD indicator: With the bullish histograms regaining intensity, the MACD and signal lines return to the positive track. Thus, the momentum indicator signals an upturned continuation which may soon lead to a bullish break.&nbsp; 
<h2 class="wp-block-heading" id="h-will-shib-price-cross-0-000010">Will SHIB Price Cross $0.000010?</h2> 
With the market regaining momentum, the bears lose their footing, teasing a smooth bullish sailing to overhead levels. Further, the meme coins are ready for a trend reversal as the prices approach crucial levels.&nbsp; 
As per the above price action analysis, multiple bullish signals tease a prolonged uptrend for the meme coin. Hence, the chances of a SHIB price sustaining above the $0.000010 mark are increasing significantly. Therefore, the breakout of $0.00001026 will be crucial for the uptrend to move ahead. The next resistance levels are at $0.0000125 and $0.000015.&nbsp; 
On the flip side, if the Shiba Inu coin price falls under $0.000010, then it could tumble to $0.000008360.

WATCH OUT! SHIB Price Ready For 40% Hike Upon This Break!

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