Shiba

Satoshi

Resistance

Shiba Inu

Coin

<p><a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB),</a> the popular meme cryptocurrency, is currently experiencing a pivotal moment in its price movement, according to multiple analysts. As the coin encounters a critical resistance level, a successful breakout could potentially trigger a significant upward surge.</p>
<h2 class="wp-block-heading" id="shiba-inu-price-analysis-by-mycryptoparadise">Shiba Inu Price Analysis by MyCryptoParadise</h2>
<p><a href="https://www.tradingview.com/chart/SHIBUSDT/yZSdZCgU-SHIB-USDT-this-can-be-a-bullish-momentum-if-SHIB-success-break/" target="_blank" rel="noopener noreferrer nofollow">MyCryptoParadise,</a> a TradingView analyst, has provided an in-depth analysis of SHIB’s current technical setup. According to their assessment, SHIB is currently facing resistance within an ascending triangle pattern.</p>
<p>MyCryptoParadise highlights that if SHIB manages to break out from this pattern, it could signal a bullish trend reversal, potentially leading to substantial upward movement. The analyst has identified a target resistance area that SHIB could reach in the event of a successful breakout.</p>
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<p>However, the analyst also cautions that if SHIB fails to break above the pattern and encounters a harsh rejection, indicated by a bearish candle, the price may retreat into a downward movement. In such a scenario, SHIB could revisit the trendline or even backtest the demand area to gather momentum for another attempt to break out.</p>
<p>Based on MyCryptoParadise’s analysis, SHIB is currently facing resistance at around $0.00002840. A breakout from this level could potentially see the price spike to $0.000035, representing a gain of over 20%. However, if the resistance holds, the analyst suggests that SHIB could dip to $0.0000239.</p>
<h2 class="wp-block-heading" id="altfins-analysis-potential-for-further-upside">AltFINS Analysis: Potential for Further Upside</h2>
<p>Another analyst, AltFINS, has provided a complementary analysis of SHIB’s price action. According to AltFINS, the price remains in an uptrend, and following a bullish breakout from a falling wedge pattern, SHIB has successfully retested that breakout and could potentially swing up to $0.000035 next.</p>
<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-1026-1024x573.png" alt="" class="wp-image-499973" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-2048x1145.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-1026.png 1940w" 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><strong>Key Levels to Watch </strong><br>AltFINS identifies several key levels to watch for SHIB’s price movement. The short-term, medium-term, and long-term trends are all bullish, with momentum currently favoring the bulls. Support and Resistance: The nearest support zones are $0.0000225 and $0.000015, while the nearest resistance zones are $0.000035 and $0.00004.</p>
<p>If the current resistance level of $0.00002840 is broken, the price is expected to spike to $0.000035 (the next resistance). If that level is also successfully breached, SHIB could potentially see a surge to $0.00004. However, if the current resistance holds and the price is unable to continue its spike, AltFINS suggests a potential drop to $0.0000225 and then $0.000015, although this dip is described as temporary.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-shib-meme-coin-price-to-spike-over-20-if-this-key-resistance-breaks-key-levels-to-watch/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Meme Coin Price to Spike Over 20% If This Key Resistance Breaks: Key Levels to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu (SHIB) Meme Coin Price to Spike Over 20% If This Key Resistance Breaks: Key Levels to Watch

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