Shiba

Polkadot

Resistance

Shiba Inu

<p>Popular meme coin <a href="https://twitter.com/ali_charts/status/1735383373344911505?s=20" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) has been stuck</a> in a trading range for over 15 months now, according to crypto analyst Ali (@ali_charts). Since September 2022, SHIB has been moving within a descending parallel channel, unable to break out in either direction. Currently, the meme coin is testing resistance around $0.000011, which marks the upper boundary of this long-term pattern.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="695" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-1024x695.png" alt="" class="wp-image-399308" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-1024x695.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-300x204.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-767x521.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-1536x1043.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-2048x1390.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-221x150.png 221w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-516x350.png 516w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424-788x534.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-424.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>A Decisive Breakout or Rejection Looms</strong></p>
<p>According to Ali, “A decisive weekly close above this level could signal a bullish breakout, propelling $SHIB towards $0.000014.” This would represent a 30% price surge if SHIB manages to cleanly break out of its long-term channel. However, if the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin faces rejection at current levels, Ali notes that “we might see a pullback to $0.000008 before the bullish breakout.” This would constitute a nearly 30% crash from the local highs.</p>
<p>So in essence, SHIB is reaching an inflection point after 15 months of directionless price action. The coming weekly close will be crucial and could set the stage for an extended rally or retracement.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong>The Wider Context</strong></p>
<p>The recent price action comes against the backdrop of improving fundamentals and developments for the <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> ecosystem. Over the past year, the team has launched treats, an NFT platform, released a series of NFT art projects, and rolled out beta products like the long-awaited Shibarium layer-2 network.</p>
<p>So while technicals point to a potential breakout or rejection, the long-term adoption drive continues. The coming months will show whether community enthusiasm translates to a sustained price run, or if technical hurdles keep the meme coin capped despite developments. For now, SHIB remains rangebound, but the current test of 15-month resistance could lead to fireworks.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-btc-analyst-explains-why-another-big-bitcoin-move-is-imminent-reveals-the-key-support-to-look-out-for/" target="_blank" rel="noopener noreferrer nofollow">Top BTC Analyst Explains Why Another Big Bitcoin Move is Imminent, Reveals the Key Support to Look Out for</a></li>
 <li><a href="https://captainaltcoin.com/polkadot-dot-to-continue-upward-rally-as-critical-retest-proves-successful-here-are-the-next-price-targets/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT) to Continue Upward Rally as Critical Retest Proves Successful: Here Are the Next Price Targets</a></li>
 <li><a href="https://captainaltcoin.com/borroefinance-sets-sights-on-outperforming-cardano-ada-and-polkadot-dot/" target="_blank" rel="noopener noreferrer nofollow">BorroeFinance Sets Sights on Outperforming Cardano (ADA) and Polkadot (DOT)</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/shiba-inu-faces-major-15-month-resistance-that-could-make-shib-surge-or-crash-by-30/" rel="noopener noreferrer nofollow">Shiba Inu Faces Major 15-Month Resistance That Could Make SHIB Surge or Crash by 30%</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Faces Major 15-Month Resistance That Could Make SHIB Surge or Crash by 30%

Table of Contents

CaptainAltcoin

Other articles published on Dec 15, 2023

Tool used in Ledger hack altered file domains since November

Ledger Addresses Security Breach, Urges Users to Update Software

CoinList Reaches Settlement with US Regulators on Alleged Sanction Violations

Ark Price Prediction 2023-28: Can ARK Crypto Reach ATH by 2028?

'Crypto King' associate wanted for arrest while claiming to be in Dubai

Osmosis Crypto: Can OSMO Price Survive The Gains & Rise?

Join our free newsletter for daily crypto updates!