Shiba

Rally

Pepe

Captain

Shiba Inu

<p>A crypto analyst has identified a key technical indicator in the <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-mirrors-2021/">Shiba Inu price</a> chart that suggests that the cryptocurrency is set to witness a <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-going-to-0-0001/">major price rally</a> to new highs.&nbsp;</p> 
<h2 id="asymmetrical-triangle-signaling-shib-price-surge-appears">Asymmetrical Triangle Signaling SHIB Price Surge Appears</h2> 
<p>A crypto analyst identified as Captain Faibik on X (formerly Twitter) has <a href="https://x.com/cryptofaibik/status/1774326259050279391?s=46" rel="nofollow">unveiled</a> a distinctive technical pattern in <a href="https://bitcoinist.com/shiba-inu-turns-bullish-crypto/" rel="nofollow">Shiba Inu’s price chart</a>. Sharing a 6-hour chart of Shiba Inu’s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency <a href="https://bitcoinist.com/shiba-inu-turns-bullish-crypto/" rel="nofollow">may enter a bullish trend</a> during the first two weeks of April.&nbsp;</p> 
<p>The <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-triple-bottom-descending-triangle/">asymmetrical triangle pattern</a> is a technical indicator which displays a period of consolidation before the price of a cryptocurrency is forced to <a href="https://www.newsbtc.com/analysis/matic-analysis/polygon-breaks-symmetrical-triangle-analyst-target/">break out or down</a>. Oftentimes, the triangle patterns are interpreted as bullish, especially if the cryptocurrency is already in an uptrend. This is because the emergence of the technical pattern is a sign that the price of the token will continue moving upwards.&nbsp;</p> 
<p>Regarding Shiba Inu, Faibik has interpreted the technical pattern as a potential bullish breakout, predicting an upcoming rally that could see the price of Shiba Inu doubling. The price chart has revealed that<a href="https://www.newsbtc.com/shiba-inu/shiba-inu-just-ballooned-to-124-whats-pushing-the-price-up/"> SHIB’s price</a> could potentially rise between 0.00058 to 0.00062 around the second to third week of April.&nbsp;&nbsp;</p> 
<p>At the time of writing SHIB is priced at $0.000271, reflecting a 0.45% dip in the last 24 hours. Over the past week, <a href="https://bitcoinist.com/shiba-inu-price-down-today/" rel="nofollow">the cryptocurrency saw a decrease</a> of more than 10%. The emergence of this new technical pattern may offer investors renewed optimism, viewing declines as buying opportunities.&nbsp;</p> 
<h2 id="shiba-inu-surpasses-bitcoin-in-trading-volume-on-indian-exchange">Shiba Inu Surpasses Bitcoin In Trading Volume on Indian Exchange</h2> 
<p>Prominent Indian crypto exchange, WizarX recently <a href="https://x.com/wazirxindia/status/1775138594639773956?s=46" rel="nofollow">revealed</a> its top five most traded cryptocurrencies in March 2024, with Shiba Inu dominating the pack as the platform’s most traded cryptocurrency. The doggy-themed meme coin claimed first position, surpassing <a href="https://bitcoinist.com/bitcoin-plunge-nearly-430-m-lost-in-24-hours/" rel="nofollow">Bitcoin (BTC)</a>, the world’s largest cryptocurrency, which took second place.&nbsp;</p> 
<p>Ranking third to fifth place were <a href="https://www.newsbtc.com/news/company/pepe-coin-price-prediction-will-pepe-uphold-its-momentum/">Pepe (PEPE)</a>, <a href="https://www.newsbtc.com/news/dogecoin/dogecoin-major-roadblock/">Dogecoin (DOGE)</a>, and Floki (FLOK), respectively, which are some of the trendiest meme coins in the crypto space currently.&nbsp;</p> 
<p><a href="https://www.newsbtc.com/shiba-inu/shiba-inu-climbs-to-second-spot-in-crypto-searches-as-shib-rallies/">Shiba Inu’s accomplishment</a> as the most traded cryptocurrency on this Indian crypto exchange underscores its growing popularity across various global regions. The meme coin recently made headlines for being <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-takes-over-the-internet-google-searches-climb-as-global-interest-surges/">one of the top most searched cryptocurrencies on Google</a>. Moreover, SHIB has consistently experienced a notable increase in demand and interest from investors and traders alike within the crypto space.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/QiMvsUzc/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1530"></p>

Shiba Inu To Rally 100% To $0.000062? Analyst Reveals Why This Is Possible

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