As of now, 2024 has been a year that is characterized by a number Shiba Inu coin Has been one of most dominant meme coin on the cryptocurrency markets. SHIB surged on the market after the Spot Bitcoin ETFs were approved and Shibarium was updated with key features. It has only recently cooled down and returned to normal.
Shiba remains up by 4% over the last week and nearly 12% from the beginning of May. The market capitalization of the currency has risen in recent months, and is now at $15 billion. The price prediction for SHIB is bullish, with the excitement surrounding dog-themed currency reaching near all-time-highs.
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What are analysts noticing in Shiba Inu charts?
![shiba inu shib rocket](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/Can-The-Coin-Reach-00001-Soon.jpg)
Analysts point out that the price of SHIB is continuing to rise, as indicated by a triangle-shaped pattern in recent charts. SHIB’s price is almost at its end of an ascending triangle. Ascending triangles are usually a sign of investor interest. Shiba Inu can break to the upside as long as the market structure remains stable. It could rally up as much as 32%, or around $0.000036.
Shiba Inu traded at $0.00002539 as of the time this article was published. On the chart of simple moving averages (SMA), there are bullish signals because this coin’s value is above average. Trading volume dropped as much as 40 percent in the last day despite all of this hype. The best way to predict an upswing in price and trading volume is when they both increase at the same time. However, the SHIB crypto still has a lot of investors who are bullish despite this drop.
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Coinbase Futures announced that it will support SHIB futures with trading starting on May 30th, 2024. Shibarium also expects to have more information in the next few weeks. potential airdropThe hype will be generated by this coin. The Shiba Inu coins could reach as much as $0.0001 soon.
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Source: watcher.guru