Recent charts shared by trader Alan Santan on Tradingview have unveiled a pattern that is not only evident in Shiba Inu (SHIBUSDT) but also in most Altcoins across various trading pairs. Following the low on June 10, the crypto market has been riding a bullish consolidation wave. This phase seems to be nearing its climax as Shiba Inu confidently trades above its EMA50 daily, marked by a full green candle today.
Current indicators lean bullish, suggesting ample space for further growth. Market analysts predict that it’s only a matter of days before Shiba Inu witnesses a significant and sudden price surge. This bullish trend could span anywhere from one to two months. As for whether Shiba Inu will surge while Bitcoin dips, the consensus is optimistic: growth is on the horizon for all. The advice to traders and investors? Be prepared. Namaste.
August 6 – A comment on the market’s dynamics highlighted the natural ebb and flow of cryptocurrencies. “Retraces are a standard occurrence after strong market movements. Shiba Inu has a lot more to offer; the key is patience.”
August 8 – Market watchers have observed Shiba Inu’s resilience as it bounces off the EMA10 on its daily timeframe, ensuring the support remains intact. While a turnaround might be a few days away, the overarching trajectory for Shiba Inu is upwards.
Tired of missing hot new listings because your favorite exchange is banned in the US? 🇺🇸
With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! 🙌
Simply connect your wallet to access every coin. No VPN needed.
Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.
Take your trading to the next level with:
- Instant access to banned CEXs 🚫
- No KYC required 🙅♂️
- Trade on your terms – no registration required
- Maintain full custody – tokens stay in your wallet
- Access liquidity across leading DEXs and CEXs
- Bridge assets quickly between any blockchain
Escape CEX limits today with RocketXchange!
Show more +Snapshot– A recent chart analysis indicates that the next resistance or target for Shiba Inu stands at 0.0000162, translating to a potential 67% growth. This surge could materialize in days or possibly weeks. For those willing to play the long game, there’s potential for even more growth.
In conclusion, while the crypto market remains unpredictable, the signs for Shiba Inu are promising. As always, patience and vigilance are crucial for those navigating the volatile waters of cryptocurrency.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
