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Shiba Inu

<ul>
 <li>Shiba Inu’s chart shows an ascending triangle, suggesting a potential price surge.</li>
 <li>Whale activity in SHIB sees a 551.43% spike in large transactions, totaling 5.9 trillion SHIB.</li>
 <li>Despite recent market pressure, Shiba Inu remains in the green weekly, surpassing the daily MA 50 barrier at $0.0000099.</li>
</ul>
Shiba Inu (SHIB) is making waves with promising indicators that could pave the way for a significant price surge. The <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">SHIB/USDT chart</a> reveals an intriguing ascending triangle pattern, a technical formation renowned for signaling a bullish trend.&nbsp;
This pattern is characterized by a flat upper resistance line and a rising lower support line, indicating that buyers are gradually gaining momentum against sellers. As each dip is bought up at a higher level than the previous one, the ascending triangle suggests accumulating pressure for an upward breakout.&nbsp;
Adding to the bullish narrative is the remarkable surge in whale activity within the Shiba Inu network. The large transaction volume has skyrocketed by an astonishing 551.43%, reaching a staggering 5.9 trillion SHIB. This surge implies significant activity among whales, whether in buying or selling, with a noteworthy $56.45 million worth of SHIB traded in large transactions in the last 24 hours.&nbsp;
Despite the recent bearish pressure across the cryptocurrency market, Shiba Inu stands resilient. Trading at $0.00000965 at press time, the coin reflects a marginal 1.15% increase in the last 24 hours. Impressively, Shiba Inu remains in the green weekly, posting a 3.77% increase over the last seven days. The challenge ahead lies in conquering the daily moving average (MA) 50 barrier at $0.0000099, a crucial level that, if breached, could potentially erase an extra zero from its current price tag.&nbsp;
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The post <a href="https://cryptonewsland.com/shiba-inu-displays-bullish-signals-hinting-at-potential-price-surge/" rel="noopener noreferrer nofollow">Shiba Inu Displays Bullish Signals, Hinting at Potential Price Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Shiba Inu Displays Bullish Signals, Hinting at Potential Price Surge

Crypto News Land

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