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The post <a href="https://coinpedia.org/price-analysis/stronger-than-before-bulls-prepare-to-hike-shib-price-by-90/">Stronger Than Before, Bulls Prepare To Hike SHIB Price By 90%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the interest in meme coins revives with the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> reversal pumping energy in the crypto market, <a href="https://markets.coinpedia.org/shiba-inu/">SHIB price</a> shows a reversal rally. With a low volatility uptrend, compared to the previous moves, the meme coin is heading at a conservative speed.&nbsp; 
With a bullish pattern breakout in a smaller timeframe, the chances of a bull run in Shiba Inu is increasing significantly. Further, the breakout rally aligns with the long-term anticipation of our <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu price prediction</a> forecasting a massive jump of more than 100%.&nbsp; 
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<a href="https://www.tradingview.com/x/4dFT5Jsf/">Tradingview</a> 
In the 4H timeframe, the remarkable bull run earlier this month took a minor pullback with a wedge formation. In the larger picture, the SHIB price action formed a bullish flag pattern.&nbsp; 
The downfall in the meme coin’s price took support at the $0.000024 mark, acting as a launchpad. With this bounceback, Shiba Inu surpasses the overhead resistance trendline and signals a bullish breakout rally.&nbsp; 
However, the limited speed of the bullish reversal is taking a conservative approach with a 16% jump in the last four days. With this uptrend, the SHIB price makes four consecutive bullish candles in the daily chart, with the fifth in making.&nbsp; 
Currently, the meme coin is trading at $0.00003096 with an intraday growth of 1.04%. However, the long-wick formation projects a potential supply wave present at higher levels.&nbsp; 
Technical indicators: 
MACD indicator: In the 4H timeframe, the MACD and signal lines sustain a bullish trend post bullish crossover. Hence, the momentum indicator shows significant underlying support to the breakout rally. 
RSI: The daily RSI line showcases a positive trend rising to the overbought boundary line.&nbsp; 
Also Check Out: <a href="https://coinpedia.org/price-analysis/shiba-inu-and-pepe-coin-prices-rebound-amid-a-surge-in-key-on-chain-metric-whats-next-for-shib-and-pepe-price/">Shiba Inu And Pepe Coin Prices Rebound Amid A Surge In Key On-Chain Metric! What’s Next For SHIB And PEPE Price?</a> 
<h2 class="wp-block-heading" id="h-will-shib-price-reclaim-0-000050">Will SHIB Price Reclaim $0.000050?</h2> 
With the ongoing breakout rally, the SHIB price sustains an uptrend with rising underlying demand. However, the overhead supply and the resistance zone at $0.00003802 could prove key obstacles.&nbsp; 
Nevertheless, the bullish trend could reach the $0.00005833 as per the trend-based Fibonacci level.

Stronger Than Before, Bulls Prepare To Hike SHIB Price By 90%

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