Shiba

Shiba Inu

Avalanche

<div class="watcher-guru">
 <p>Shiba Inu, the popular meme-inspired cryptocurrency, has seen a slight dip to start the week but shows signs of a potentially significant price surge in the coming weeks based on key technical indicators.</p>
 <p>After surging over the past week, Shiba Inu experienced a small pullback on Monday, declining around 3% to a low of $0.00001023, according to CoinMarketCap data. However, zooming out, Shiba Inu still retains most of the substantial gains made during the last 30 days.</p>
 <p>Crucially, while the price may have dipped slightly today, <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of key technical indicators suggests Shiba Inu has ample room to continue its upward trajectory in the short term.</p>
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 <p><strong>Also read: How Much SHIB Do You Need to Become a Millionaire if it Hits $2?</strong></p>
 <h2 class="wp-block-heading" id="h-relative-strength-index-in-neutral-zone">Relative Strength Index in “neutral” zone</h2>
 <p>The relative strength index (RSI), a momentum indicator used to gauge whether an asset is overbought or oversold, currently sits in the middle “neutral” zone for Shiba Inu based on market data. This differs notably from its previous oversold levels.</p>
 <p>The current RSI indicates crypto traders likely have not pushed SHIB into unsustainable overbought territory yet. This metric hints that further favorable price movement may emerge in the coming days as more room remains for additional gains.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="85" src="https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp" alt class="wp-image-122718" srcset="https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 1024w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 300w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 768w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 380w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 550w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 800w, https://cdn.thebittimes.com/images/2023/12/27/ac23faa11010127c0358870158407c5c.webp 1056w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <h2 class="wp-block-heading" id="h-no-signs-of-bearish-sentiment">No signs of bearish sentiment</h2>
 <p><a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> platform CoinCodex cited further bullish signals emerging from the current array of technical indicators tracking Shiba Inu. Their assessment showed 28 different technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> tools displaying bullish market signals, while zero showed bearish signs.</p>
 <p><strong>Also read: Ripple Price Prediction: Will XRP Drop Below $0.60?</strong></p>
 <figure class="wp-block-image size-full"><img decoding="async" width="373" height="143" src="https://cdn.thebittimes.com/images/2023/12/27/afbc68686ce37045bdae4c662871a504.webp" alt class="wp-image-122717" srcset="https://cdn.thebittimes.com/images/2023/12/27/afbc68686ce37045bdae4c662871a504.webp 373w, https://cdn.thebittimes.com/images/2023/12/27/afbc68686ce37045bdae4c662871a504.webp 300w" sizes="(max-width: 373px) 100vw, 373px">
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 <h2 class="wp-block-heading" id="h-prolonged-stay-in-bear-market">Prolonged stay in bear market</h2>
 <p>Shiba Inu stands out as one cryptocurrency yet to join in on the currently unfolding bull market. While major cryptocurrencies like Solana, Cardano, and Avalanche have all seen triple-digit percentage surges in 2023, Shiba Inu’s gains sit at just 27.4% year-to-date.</p>
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 <p>Recalling previous bearish price action, SHIB notably remained rangebound for nearly 180 days last year without breaking a decimal point.</p>
 <p>Given both the extended previous bears and current overwhelmingly bullish technical indicators, expectations remain high amongst analysts that this dog-themed token has substantial room for upside in catching up.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/three-signs-that-point-to-possible-shiba-inu-price-surge-tbt74836.html">https://thebittimes.com/three-signs-that-point-to-possible-shiba-inu-price-surge-tbt74836.html</a></p>

Three Signs That Point to Possible Shiba Inu Price Surge

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TheBitTimes

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