Shiba

Bitcoin

Shiba Inu

Rise

Coin

<ul class="news-points"> 
 <li>If the ADX rises above 25, SHIB might jump higher.</li> 
 <li>A decline in buying pressure could force SHIB back to $0.0000090.</li> 
 <li>SHIB’s price could hit $0.000010 if bulls breach the $0.00000967 resistance.</li> 
</ul> 
<a href="https://coinedition.com/shiba-inu-price-will-500-surge-in-whale-activity-lead-to-an-imminent-shib-rally/">Shiba Inu’s (SHIB)</a> sideways movement over the last few weeks has been disrupted by a 2.11% increase in the last 24 hours. Previously, SHIB corrected for some time, leading the price to drop to $0.0000088. 
But at press time, the token was trading at $0.00000938. The bounce could be linked to the broader market recovery, which saw <a href="https://coinedition.com/is-bitcoins-correction-over-price-surges-ahead-of-2024-halving/">Bitcoin (BTC)</a> rise above $46,000. However, BTC’s and SHIB’s correlation has decoupled over the last year. Therefore, using Bitcoin as a benchmark for trading SHIB might not be the best option. 
<h3 class="wp-block-heading" id="h-shib-usd-4-hour-chart"><a></a>SHIB/USD 4-Hour Chart</h3> 
From the SHIB/USD 4-hour chart, volatility grew based on indications from the Bollinger Bands (BB). Furthermore, bulls displayed a resolve to challenge the $0.00000967 resistance. 
If buying pressure continues to build up and bulls defend the $0.00000915 support, then SHIB might breach the resistance. Should this happen, SHIB might delete one zero, which takes the price back to $0.000010. 
Indications from the Movi…
The post <a href="https://coinedition.com/shiba-inu-price-analysis-why-a-rise-to-0-000010-looks-imminent/">Shiba Inu Price Analysis: Why a Rise to $0.000010 Looks Imminent</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Price Analysis: Why a Rise to $0.000010 Looks Imminent

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