Shiba

Bitcoin

Shiba Inu

The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/shib-price-analysis-shiba-inu-prepares-a-launch-to-0-000010/">SHIB Price Analysis: Shiba Inu Prepares A Launch To $0.000010!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the overall market sustaining bullish momentum as Bitcoin crosses the $36K mark, the altcoins are surging to new highs. With the meme coins starting a fresh rally, the SHIB price surpasses the 200-day EMA and approaches the $0.000010 mark. 
Moreover, with the rising demand in the altcoin sector, the meme coins are ready for a take-off. Hence, the <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu price prediction</a> hints at a high-speed bullish trend reversal to reclaim the 2021 highs.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-1024x480.png" alt="" class="wp-image-243315" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/09115700/SHIBUSDT_2023-11-09_11-29-31.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Riding the market recovery trend, the SHIB price action shows a falling wedge breakout in the daily chart to ignite a trend reversal. Breaking the streak of lower highs, the meme coin crosses above the crucial overhead resistances. 
With a price jump of 26% in the last three weeks, Shiba Inu gives a wedge breakout and surpasses the 50-day and 200-day EMA. Further, the rise in the intraday trading volume supports the trend reversal. 
With multiple lower price rejections from the 50-day EMA and the $0.00000836 breakout, Shiba Inu teases an uptrend continuation. Currently, the SHIB prices trade at $0.00000861 with a sharp intraday gain of 3.99% and form a bullish engulfing candle.&nbsp;&nbsp; 
Technical indicators: 
MACD indicator: The uptrend sustains despite the short bullish gap between the MACD and signal lines. Therefore, the momentum indicator takes a positive stand.&nbsp; 
EMA: AS the uptrend influences a turnaround in the 200-day and 50-day EMA, the chances of a golden crossover arise. Moreover, the 200-day EMA breakout signals an entry spot.&nbsp; 
<h2 class="wp-block-heading" id="h-will-shib-price-cross-0-000010">Will SHIB Price Cross $0.000010?</h2> 
With the market gaining momentum, the meme coins are ready for a trend reversal as the demand outgrows. Further, the price action analysis and multiple bullish signals tease a prolonged uptrend in SHIB price.&nbsp; 
Hence, the chances of a SHIB price crossing the $0.000010 mark are increasing significantly. However, the breakout of $0.0000890 will be crucial for the uptrend to sustain momentum.&nbsp; 
On the flip side, if the meme coin price tumbles below $0.000008360, it could plunge to $0.00000751.

SHIB Price Analysis: Shiba Inu Prepares A Launch To $0.000010!

目录

CoinPedia News

发布于 2023年11月9日的其他文章

U.S. policymakers introduce bill targeting China’s digital yuan

UK Government’s AI Investment Sparks Educator Role Debate

Ripple (XRP) Lands RocketFuel as New Payment Partner

Bitwise Founders Arrested for $100M Investor Fraud

Harga Token FTT Melonjak 99 Persen dalam 24 Jam

$90 Million Cryptocurrency Fund from Polygon (MATIC)!

订阅我们免费的电子期刊，获取每日最新加密领域动态！