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.
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.
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