{"id":606754,"date":"2024-05-06T21:00:49","date_gmt":"2024-05-06T21:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=606754"},"modified":"2024-06-11T06:59:46","modified_gmt":"2024-06-11T06:59:46","slug":"shiba-inu-price-massive-surge","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-price-massive-surge\/","title":{"rendered":"Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here\u2019s The Target"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu has rebounded by over 19% from its $0.00002081 price point at the beginning of the month. Current price action shows the cryptocurrency might be on its way to performing an interesting price surge in the coming weeks.\u00a0<\/span><span style=\"font-weight: 400\">According to one crypto analyst, SHIB could actually go on a 120% price surge after breaking out of the current consolidation.<\/span><\/p>\n<h2>Crypto Analyst Says Massive Surge Coming<\/h2>\n<p><span style=\"font-weight: 400\">SHIB kickstarted a price correction immediately after reaching 0.00003556 in early March. Bullish investor sentiment surrounding the meme cryptocurrency at the time quickly changed into a bearish one. This pushed SHIB on a decline that bottomed out at $0.00002117 in the middle of April, indicating a 40% price correction in those two months. Interestingly, this was the worst SHIB price decline since the May 2022 collapse of the Terra ecosystem.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana\/why-did-the-solana-sol-price-jump-today\/\">Why Did The Solana (SOL) Price Jump Today?<\/a><\/p>\n<p><span style=\"font-weight: 400\">As noted on the 8-hour timeframe chart shared on social media platform X by crypto analyst World Of Charts,\u00a0 <\/span><span style=\"font-weight: 400\">SHIB has been on a consolidation channel for the past two months. However, the analyst foresees a bullish breakout to create a strong bullish wave that&#8217;s going to send SHIB holders on a profit margin between 100% and 120%.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24Shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$Shib<\/a><\/p>\n<p>Consolidating In Bullish Flag In H8 Timeframe Incase Of Successful Breakout Expecting Solid Bullish Wave Expecting 100-120% Bullish Wave<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Shib?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Shib<\/a> <a href=\"https:\/\/t.co\/vfLClaexvu\" rel=\"nofollow\">pic.twitter.com\/vfLClaexvu<\/a><\/p>\n<p>\u2014 World Of Charts (@WorldOfCharts1) <a href=\"https:\/\/twitter.com\/WorldOfCharts1\/status\/49627854?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 3, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Interestingly, a further look into the chart shared by World Of Charts shows that the analyst is open to a higher price surge over a longer period of time. The last price target indicated on the chart is $0.00009500, which is a 280% target from the current price levels.\u00a0<\/span><\/p>\n<h2>Can Shiba Inu Push Higher?<\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu recently formed a higher low on the weekly timeframe, an indicator that the <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-surprise-binance-japan-listing-ignites-360-price-spike\/\"><span style=\"font-weight: 400\">bulls might be starting to gain<\/span><\/a><span style=\"font-weight: 400\"> the upper hand. Despite the past decline, over 56% of SHIB holders <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-stands-strong-over-650k-wallet-addresses-still-profitable-amid-recent-price-drop\/\"><span style=\"font-weight: 400\">remained in profit<\/span><\/a><span style=\"font-weight: 400\"> as many long-term holders opted to hold on to their tokens. At the time of writing, SHIB is trading at $0.00002489 and is up by 6.4% in the past seven days. This price increase has seen the number of SHIB holders in profit rising concurrently to 61%.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-relative-strength-40\/\">Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here<\/a><\/p>\n<p><span style=\"font-weight: 400\">Many addresses that just moved into profit margin are not taking profit indicating that majority of investors <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/massive-shib-movement-ignites-market-speculation-is-a-big-surge-on-the-horizon\/\"><span style=\"font-weight: 400\">are anticipating a price increase<\/span><\/a><span style=\"font-weight: 400\"> in May. One catalyst that could lead to a further price increase is the <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-scores-another-major-listing-that-could-send-price-flying\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">recent partnership<\/span><\/a><span style=\"font-weight: 400\"> between PayPal and MoonPay which will allow PayPal users within the United States to buy the dog-themed cryptocurrency easily.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Popular crypto analyst Ali Martinez <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/crypto-analyst-242-shiba-inu-rally-bull\/\"><span style=\"font-weight: 400\">also predicted a SHIB price surge<\/span><\/a><span style=\"font-weight: 400\"> based on a bull flag that has recently appeared on the token&#8217;s price chart.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oYjmFh6r\/\" alt=\"Shiba Inu price chart from Tradingview.com\" width=\"3286\" height=\"1576\"><\/p>\n<pre style=\"text-align: center\">SHIB falls after brief recovery | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Times Tabloid, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu has rebounded by over 19% from its $0.00002081 price point at the beginning of the month. Current price action shows the cryptocurrency might be on its way to performing an interesting price surge in the coming weeks.\u00a0According to one crypto analyst, SHIB could actually go on a 120% price surge after breaking out of the current consolidation. Crypto Analyst Says Massive Surge Coming SHIB kickstarted a price correction immediately after reaching 0.00003556 in early March. Bullish investor sentiment surrounding the meme cryptocurrency at the time quickly changed into a bearish one. This pushed SHIB on a decline that bottomed out at $0.00002117 in the middle of April, indicating a 40% price correction in those two months. Interestingly, this was the worst SHIB price decline since the May 2022 collapse of the Terra ecosystem. Related Reading: Why Did The Solana (SOL) Price Jump Today? As noted on the 8-hour timeframe chart shared on social media platform X by crypto analyst World Of Charts,\u00a0 SHIB has been on a consolidation channel for the past two months. However, the analyst foresees a bullish breakout to create a strong bullish wave that&#8217;s going to send SHIB holders on a profit margin between 100% and 120%. $Shib Consolidating In Bullish Flag In H8 Timeframe Incase Of Successful Breakout Expecting Solid Bullish Wave Expecting 100-120% Bullish Wave#Crypto #Shib pic.twitter.com\/vfLClaexvu \u2014 World Of Charts (@WorldOfCharts1) May 3, 2024 Interestingly, a further look into the chart shared by World Of Charts shows that the analyst is open to a higher price surge over a longer period of time. The last price target indicated on the chart is $0.00009500, which is a 280% target from the current price levels.\u00a0 Can Shiba Inu Push Higher? Shiba Inu recently formed a higher low on the weekly timeframe, an indicator that the bulls might be starting to gain the upper hand. Despite the past decline, over 56% of SHIB holders remained in profit as many long-term holders opted to hold on to their tokens. At the time of writing, SHIB is trading at $0.00002489 and is up by 6.4% in the past seven days. This price increase has seen the number of SHIB holders in profit rising concurrently to 61%. Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here Many addresses that just moved into profit margin are not taking profit indicating that majority of investors are anticipating a price increase in May. One catalyst that could lead to a further price increase is the recent partnership between PayPal and MoonPay which will allow PayPal users within the United States to buy the dog-themed cryptocurrency easily. Popular crypto analyst Ali Martinez also predicted a SHIB price surge based on a bull flag that has recently appeared on the token&#8217;s price chart. SHIB falls after brief recovery | Source: SHIBUSDT on Tradingview.com Featured image from Times Tabloid, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":606776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[167,6664,26263,14690,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-606754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here\u2019s The Target<\/title>\n<meta name=\"description\" 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