This wedge has been emerging for many months, and SHIB is now reaching the point where a breakout could occur.$SHIB (Shiba Inu)’s ≈6X: Prices of Shiba are currently nearing the converging or breakout point of a massive Falling Wedge pattern on the daily (1d Chart) and with a recent confirmation of a Regular Bullish Divergence, this can be pointing to a bullish breakout! This can spark… pic.twitter.com/sAUSyrH4q0 — JAVON⚡️MARKS (@JavonTM1) August 17, 2024 Marks said that the narrowing price action inside the wedge indicates a big price shift might be due.
Since Shiba Inu can move lower within the “accumulation zone,” by the end of the upcoming bull-market total growth… pic.twitter.com/fLdTbOGQvm — Alan Santana (@lamatrades1111) August 17, 2024 Santana holds his opinion that SHIB is within an active correction phase, which is likely to further slash its price before any substantial gains can be accrued.
Related Reading: AAVE Soars 18% Amidst Adverse Market Conditions – Details According to Marks, a serious price pattern has been forming that suggests SHIB could be getting ready for an explosive move higher.
The story "Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?" has 480 words across 68 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?" was covered 20 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 2 news stories per day.
It's most recent story was published 1 days ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
