Shiba

Shiba Inu

Avalanche

Time

Higher

Crypto chartist CryptoAmsterdam recently advised Shiba Inu (SHIB) investors to view every price dip as a strategic opportunity to increase their holdings.
In an update <a href="https://x.com/damskotrades/status/1856087025067405579" rel="noopener noreferrer nofollow">shared</a> yesterday, CryptoAmsterdam reaffirmed the previous forecast from September 30, which identified the appearance of a “Stage 4” structure on Shiba Inu’s higher time frames—a formation suggesting the possibility of a sustained upward trend.
According to CryptoAmsterdam, Shiba Inu’s chart has since shown a “mini-cycle structure,” a pattern that initially pushed the asset towards a “macro range high.” However, despite this momentum, the chartist cautioned investors to monitor for key signals before committing to any major positions.
Specifically, they advised looking for either a break above the corrective mini-range level of $0.25 or a potential false breakout that would validate the move’s strength.
<h2 id="b-shib-s-price-momentum-and-analyst-s-updated-insights-b">SHIB’s Price Momentum and Analyst’s Updated Insights</h2>
Since issuing the initial analysis in late September, <a href="https://timestabloid.com/expert-calls-shiba-inu-shib-rally-to-0-001/" rel="noopener noreferrer nofollow">Shiba Inu</a> has displayed significant upward momentum, climbing to a 7-month peak of $0.00003024 by early November.
In response, CryptoAmsterdam revised its assessment of SHIB, pointing out that the token has now completed its mini-cycle structure. This completion, marked by recent price increases, reinforces their expectation of continued gains.
CryptoAmsterdam underscored their perspective on dips, urging investors to use short-term price declines as opportunities to accumulate SHIB in anticipation of further upward movement. The updated analysis suggests that short-term corrections may benefit long-term holders, aligning with CryptoAmsterdam’s “dips are for buying” perspective.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 We are on twitter, follow us to connect with us :- <a href="https://twitter.com/TimesTabloid1?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@TimesTabloid1</a>
 — TimesTabloid (@TimesTabloid1) <a href="https://twitter.com/TimesTabloid1/status/1680250907504656385?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="b-shiba-inu-s-performance-and-market-standing-b">Shiba Inu’s Performance and Market Standing</h2>
November has brought considerable gains for Shiba Inu and several other digital assets, with the month dubbed “GrowVember” by Shiba Inu’s lead developer, <a href="https://timestabloid.com/shytoshi-kusama-shiba-inu-shib-to-become-first-trillion-dollar-decentralized-entity/" rel="noopener noreferrer nofollow">Shytoshi Kusama</a>. The token’s performance has been impressive across various timeframes: it has risen 51.60% over the past week and 53.75% over the past month.
Shiba Inu’s recent rally brought its price to a 7-month high of $0.00003024 earlier today, although it has since stabilized at approximately $0.00002681.
Following these price gains, Shiba Inu initially climbed into the top 10 cryptocurrencies by market capitalization earlier today, surpassing Avalanche (AVAX). However, as of press time, the token now holds the 11th position with a market valuation of $15.79 billion.
This ranking milestone further highlights SHIB’s impact and growing influence within the crypto space, as investors and analysts increasingly monitor its performance.
<h2 id="b-outlook-for-shiba-inu-shib-br-b">Outlook for Shiba Inu (SHIB) </h2>
The impressive rally in November has prompted speculation regarding SHIB’s long-term potential. Crypto expert Oscar Ramos recently <a href="https://timestabloid.com/shiba-inu-shib-road-to-100-billion-market-cap/" rel="noopener noreferrer nofollow">predicted that Shiba Inu’s market cap could eventually climb to $100 billion</a>.
If this projection materializes, the token’s price could reach an estimated $0.0001697, representing substantial growth from current levels.
While CryptoAmsterdam’s analysis suggests favorable conditions for Shiba Inu, it also emphasizes the importance of strategic buying during dips and vigilance regarding price signals.
For now, SHIB’s rise has reaffirmed the analyst’s belief in its growth potential, with the token’s short-term corrections representing valuable opportunities for committed investors.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on <a href="https://twitter.com/TimesTabloid1" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.facebook.com/timestabloid/" class="broken_link" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://t.me/markettabloid" rel="noopener noreferrer nofollow">Telegram</a>, and <a href="https://news.google.com/publications/CAAqLAgKIiZDQklTRmdnTWFoSUtFSFJwYldWemRHRmliRzlwWkM1amIyMG9BQVAB?hl=en-US&amp;gl=US&amp;ceid=US%3Aen" rel="noopener noreferrer nofollow">Google News</a>
The post <a href="https://timestabloid.com/expert-expects-shib-higher-time-frame-continuation-calls-shib-army-to-buy-the-dip/" rel="noopener noreferrer nofollow">Expert Expects SHIB Higher Time Frame Continuation, Calls SHIB Army to Buy the Dip</a> appeared first on <a href="https://timestabloid.com" rel="noopener noreferrer nofollow">Times Tabloid</a>.

Expert Expects SHIB Higher Time Frame Continuation, Calls SHIB Army to Buy the Dip

Table of Contents

Times Tabloid

Other articles published on Nov 13, 2024

Bitcoin Hits All-Time High of $75,000 Amid U.S. Election Buzz

Bitcoin Reserve Possible in Trump's First 100 Days, Senator Claims

Justin Drake Addresses Ethereum Scalability Issues

Bitcoin Google Search 10 Times More Than US Dollar

Consistently Bearish Bitcoin Metrics Resurface, Signaling Potential 50% BTC Price Retracement

Linea Network Establishes Independent Non-Profit to Oversee Development & Decentralized Governance

Join our free newsletter for daily crypto updates!