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Shiba Inu

<p><a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> is showing signs of a potential price surge as a falling wedge pattern forms on the 1-day time frame. According to crypto analyst <a href="https://twitter.com/DamiDefi/status/1790572178251059509" target="_blank" rel="noopener noreferrer nofollow">Dami-defi</a>, if SHIB manages to break out of this pattern, a price pump of 50% or more is expected, signaling the continuation of the ongoing meme season in the cryptocurrency market.</p>
<h2 class="wp-block-heading" id="technical-analysis-reveals-bullish-potential">Technical Analysis Reveals Bullish Potential</h2>
<p>A technical analysis by altFINS supports the bullish outlook for SHIB. The analysis highlights that SHIB has successfully broken out of the falling wedge pattern and has retested the breakout level.</p>
<p>This development suggests that the token could potentially swing up to the $0.000035 level next, presenting a significant upside potential for investors.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="571" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-1024x571.png" alt="" class="wp-image-491024" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-1024x571.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-300x167.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-768x428.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-1536x856.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-2048x1141.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-269x150.png 269w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-628x350.png 628w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408-788x439.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-408.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h3 class="wp-block-heading" id="falling-wedge-pattern-a-bullish-signal">Falling Wedge Pattern: A Bullish Signal</h3>
<p>The falling wedge pattern is typically considered a bullish formation, often resulting in a breakout to the upside. When the price breaks above the upper trend line of the wedge, it is expected to continue trending higher.</p>
<p>Swing traders can potentially capitalize on emerging patterns by trading between the convergence lines before a breakout occurs. However, most traders are advised to wait for a completed pattern with a confirmed breakout before placing a buy order.</p>
<h3 class="wp-block-heading" id="mixed-trends-and-momentum-indicators">Mixed Trends and Momentum Indicators</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-1024x573.png" alt="" class="wp-image-491040" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-410-788x440.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>The technical analysis reveals mixed trends for SHIB, with a neutral outlook on both a short-term and medium-term basis, while maintaining an uptrend on a long-term basis.</p>
<p>The momentum indicators also present a mixed picture, with the MACD (Moving Average Convergence Divergence) line above the MACD signal line, indicating a bullish momentum. However, the RSI (Relative Strength Index) is currently around 50, suggesting a neutral market condition.</p>
<p>For SHIB to continue its upward trajectory, it will need to overcome key resistance levels. The nearest resistance zone is identified at $0.000035, followed by $0.000040. On the downside, the nearest support zone is located at $0.0000225, with the next support level at $0.0000150.</p>
<p>The potential breakout and price pump for SHIB comes amidst a renewed interest in <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins, as market sentiment appears to be shifting in favor of these speculative assets. Meme coins, such as Dogecoin (DOGE) and <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB), have a history of experiencing sudden price surges, often driven by social media hype and investor frenzy.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/roaring-kitty-triggers-competition-between-cat-and-doge-themed-coins-analyst-shares-top-5-cat-meme-coins-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Roaring Kitty Triggers Competition Between Cat and Doge-Themed Coins: Analyst Shares Top 5 Cat Meme Coins To Watch</a></em></strong></p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-shib-poised-for-50-price-pump-as-falling-wedge-pattern-emerges/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Poised for 50%+ Price Pump as Falling Wedge Pattern Emerges</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu (SHIB) Poised for 50%+ Price Pump as Falling Wedge Pattern Emerges

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