Shiba

Rally

Bitcoin ETF

Shiba Inu

Divergence

<img width="2710" height="1454" src="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20.png" class="attachment-full size-full wp-post-image" alt="Shiba Inu price prediction chart" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20.png 2710w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
Shiba Inu price prediction: The crypto market turned bullish on Wednesday, changing the bearish outlook from the beginning of the week. <a href="https://coingape.com/shiba-inu-price-rallies-as-shytoshi-kusama-lauds-major-shib-listing/?utm_source=24hrsupdatealtcoin">Shiba Inu (SHIB)</a>&nbsp;alongside other cryptos trimmed gains following last week’s breakout above $0.00001. 
The sweep-through liquidity at $0.0000092 coupled with improving sentiment due to the&nbsp;<a href="https://coingape.com/crypto-prices-today-btc-pepe-coin-bonk-rally-after-fomc/">Federal Reserve’s decision</a>&nbsp;to keep interest rates unchanged while anticipating at least three rate cuts in 2024 catalyzed the climb above $0.00001. 
Cryptocurrency majors Bitcoin briefly broke above resistance at $43,000 but failed to rise past $44,000 while Ethereum, trading higher on the day by 4.4% at $2,280 confirmed to investors that it has the potential to keep the uptrend intact. 
The total market cap increased to $1.68 trillion bolstered by a widespread bullish market structure, especially among altcoins like Bonk (BONK), Injective, and BitTorrent, all highlighted in the crypto price prediction for December 14. 
Recommended for you:&nbsp;<a href="https://coingape.com/markets/crypto-price-prediction-today-december-14-bonk-inj-btt/">Crypto Price Prediction December 14: BONK, INJ, BTT</a> 
<h2 class="p1" id="shiba-inu-price-prediction-is-shib-ready-to-springboard">Shiba Inu Price Prediction: Is SHIB Ready To Springboard?</h2> 
After briefly rising above the pivotal $0.00001 level,&nbsp;<a href="https://coingape.com/price/shiba-inu/">Shiba Inu price</a>&nbsp;encountered headwinds, leading to a sudden correction. Despite the support at $0.0000096 successfully tested, SHIB is yet to build enough momentum for another recovery attempt beyond $0.00001. 
A buy signal from the Moving Average Convergence Divergence (MACD) indicator may compel traders to keep entering new long positions and in the process provide the much-needed liquidity for a stronger breakout. 
<figure id="attachment_169413" aria-describedby="caption-attachment-169413" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-169413" src="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42.png" alt="Shiba Inu price prediction " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42.png 2710w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-07-42-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-169413" class="wp-caption-text">
 Shiba Inu price prediction chart | Tradingview
 </figcaption>
</figure> 
In case overhead pressure below $0.00001 intensifies, traders may look toward the 20 Exponential Moving Average (EMA) (in blue) for support. The 50 EMA (in red) slightly below will keep support at $0.0000096 intact but if push comes to shove and a bigger sell-off ensues, Shiba Inu may revisit the support from earlier in the week at $0.0000092. 
In the daily time frame, Shiba Inu holds above a very important moving average—the 20-day EMA. Often when an asset holds above this level, a breakout tends to follow. However, a sell-off would almost always occur if the 20-day EMA is lost as support. 
<figure id="attachment_169414" aria-describedby="caption-attachment-169414" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-169414" src="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20.png" alt="Shiba Inu price prediction chart" width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20.png 2710w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-300x161.png 300w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-768x412.png 768w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2023/12/SHIBUSD_2023-12-14_18-31-20-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-169414" class="wp-caption-text">
 Shiba Inu price prediction chart | Tradingview
 </figcaption>
</figure> 
With that in mind, it may be prudent to start entering long positions in <a rel="nofollow" href="https://www.coingecko.com/en/coins/shiba-inu">SHIB</a> to capitalize on the move above $0.00001. 
The Relative Strength Index (RSI) reinforces the growing bullish sentiment with a trend strength of 61. As long as the RSI can recover toward the overbought region, Shiba Inu would be primed for a solid breakout above $0.00001. 
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The post <a href="https://coingape.com/markets/shiba-inu-price-prediction-will-shib-breach-1-in-the-next-crypto-blastoff/">Shiba Inu Price Prediction: Will SHIB Breach $1 in the Next Crypto Blastoff?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Price Prediction: Will SHIB Breach $1 in the Next Crypto Blastoff?

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