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MainNewsSHIB’s Secre...

SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge


by Parth Dubey
for CoinEdition
Shiba Inu (SHIB) Eyes 20% Rally if Key Resistance Breaks
  • Shiba Inu (SHIB) is gearing up for a 20% price surge, according to a prominent analyst.
  • The meme token broke above the resistance at the 20-day EMA at $0.00001330.
  • In the past day, the SHIB burn rate has dropped 94.68% with only 1.7 million tokens burned.

Shiba Inu (SHIB) is in focus as analysts predict a strong upward movement for the popular meme coin. 

Based on both on-chain data and technical indicators, a 20% rally is on the horizon—if SHIB can clear a critical resistance level.

What Technical Pattern Suggests a Potential SHIB Rally?

Pseudonymous cryptocurrency analyst Satori BTC has identified a bullish pattern forming in Shiba Inu’s price action. 

According to Satori’s analysis, the altcoin has been developing an inverse head and shoulders (H&S) pattern. This is a well-known technical analysis pattern that typically signals a market bottom and can indicate the end of a recent downtrend.

https://twitter.com/satori_btc/status/1904527439713145294

Examining the four-hour SHIB/USDT chart, SHIB has repeatedly tested the resistance level at $0.0000134. A decisive breakout above this level is anticipated to be the catalyst for the widely exp…

The post SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP has started showing signs of momentum shift after a relatively stagnant trading s...
Floki Inu (FLOKI) Surges Over 30% In a Week as Analysts Anticipate Breakout This Weekend

Floki Inu (FLOKI) Surges Over 30% In a Week as Analysts Anticipate Breakout This Weekend

Meme coin Floki Inu (FLOKI) is once again making headlines after a sharp price rally....
MainNewsSHIB’s Secre...

SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge


by Parth Dubey
for CoinEdition
Shiba Inu (SHIB) Eyes 20% Rally if Key Resistance Breaks
  • Shiba Inu (SHIB) is gearing up for a 20% price surge, according to a prominent analyst.
  • The meme token broke above the resistance at the 20-day EMA at $0.00001330.
  • In the past day, the SHIB burn rate has dropped 94.68% with only 1.7 million tokens burned.

Shiba Inu (SHIB) is in focus as analysts predict a strong upward movement for the popular meme coin. 

Based on both on-chain data and technical indicators, a 20% rally is on the horizon—if SHIB can clear a critical resistance level.

What Technical Pattern Suggests a Potential SHIB Rally?

Pseudonymous cryptocurrency analyst Satori BTC has identified a bullish pattern forming in Shiba Inu’s price action. 

According to Satori’s analysis, the altcoin has been developing an inverse head and shoulders (H&S) pattern. This is a well-known technical analysis pattern that typically signals a market bottom and can indicate the end of a recent downtrend.

https://twitter.com/satori_btc/status/1904527439713145294

Examining the four-hour SHIB/USDT chart, SHIB has repeatedly tested the resistance level at $0.0000134. A decisive breakout above this level is anticipated to be the catalyst for the widely exp…

The post SHIB’s Secret Signal? This Pattern Has Analysts Predicting a 20% Price Surge appeared first on Coin Edition.

Read the article at CoinEdition

Read More

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th

XRP has started showing signs of momentum shift after a relatively stagnant trading s...
Floki Inu (FLOKI) Surges Over 30% In a Week as Analysts Anticipate Breakout This Weekend

Floki Inu (FLOKI) Surges Over 30% In a Week as Analysts Anticipate Breakout This Weekend

Meme coin Floki Inu (FLOKI) is once again making headlines after a sharp price rally....