• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Monarchy, Oligarchy, Democracy, And Bitcoin

2025-06-21

A Step-by-Step Guide for Beginners

2025-06-20

JP Morgan Just BET On Bitcoin?! This Changes Everything…

2025-06-20

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    A Step-by-Step Guide for Beginners

    2025-06-20

    Long and Short Positions in Crypto Explained for Beginners

    2025-06-20

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05
  • Videos

    Monarchy, Oligarchy, Democracy, And Bitcoin

    2025-06-21

    JP Morgan Just BET On Bitcoin?! This Changes Everything…

    2025-06-20

    Will Bitcoin End All Wars?

    2025-06-20

    Massive 16B HACK | My New Investment Focus

    2025-06-19

    Billionaires Believe Bitcoin Will Surpass This MASSIVE Asset

    2025-06-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Altcoins»3 Reasons Why Shiba Inu (SHIB) Price is All Set to Explode and Reverse the Bearish Spell
Altcoins

3 Reasons Why Shiba Inu (SHIB) Price is All Set to Explode and Reverse the Bearish Spell

2023-05-27No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Shiba Inu has witnessed a decline in price after a prolonged period of upward movement, surprising many who believed it would continue to rise. In a new video by YouTuber Clay Bro, the analyst explains three reasons why Shiba Inu may be on the verge of a massive rally. At the time of writing, Shiba Inu is trading at the $0.00000851 level. The coin has declined by more than 20 percent in the last 30 days.

Symmetrical Triangle pattern:

The weekly timeframe chart reveals the formation of a symmetrical triangle pattern that has existed for nearly a year. This pattern shows the convergence of trend lines, guiding the current sideways trend. Despite a recent correction phase, the coin’s price has fallen back to the pattern’s support, suggesting the potential for a bullish scenario. If the ascending trend line recovers bullish momentum, it could drive the price to a substantial increase of over 50% from its current level.

Accumulation at key support area:

He said, “Right around this 800 Point per coin mark is a huge key support which we are accumulating at. By the press time, Shiba Inu coin’s price was trading at 865 points and shows a short-term consolidation phase above the long-term support trend line.”

According to him, sellers have repeatedly failed to push the price below this support line, reflecting aggressive accumulation. Such a breakout would signal the start of a new bullish cycle within the pattern.

Bullish momentum indicator:

He said that the Relative Strength Index (RSI) has turned bullish on the weekly chart for Shiba Inu. Despite a series of lower highs, the RSI slope has shown a clear rise, indicating increasing buying pressure during the sideways trend. This bullish divergence enhances the possibility of a reversal and an upside breakout from the triangle pattern.

See also  Ethereum Price Hesitates But This Trend Line Might Trigger Fresh Increase

Bearish Explode Inu Price Reasons Reverse Set SHIB Shiba Spell
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why BTC Might Explode to $150K 🌕

2025-06-14

This Is Causing Major Bitcoin Price Suppression

2025-06-14

Ripple’s $300B XRP Forecast: $5 Price Target Closer Than You Think!

2025-06-12

Bittensor: The Next Bitcoin? TAO Price Prediction REVEALED!

2025-06-08
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Learn About Crypto

Ronin (RON) Price Prediction 2024 2025 2026 2027

2024-01-26

Ronin Overview Ronin Price Change 24h -5.19% Ronin Price Change 7d 9.35% Ronin Market cap…

NFT

It’s ‘Insane’ What We Pay for Items in Games Like Fortnite

2023-05-16

NFT Matt Sanders (a.k.a. M. Shadows) is the lead vocalist for heavy metal band Avenged…

Blockchain

Introducing A New Era Of Multisig Privacy

2023-11-28

Traditionally, creating an n-of-n multisig using CHECKMULTISIG means you’ll publish a proportional number of signatures…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Monarchy, Oligarchy, Democracy, And Bitcoin

2025-06-21

A Step-by-Step Guide for Beginners

2025-06-20

JP Morgan Just BET On Bitcoin?! This Changes Everything…

2025-06-20

Will Bitcoin End All Wars?

2025-06-20
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 100,873.03
ethereum
Ethereum (ETH) $ 2,228.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.01
bnb
BNB (BNB) $ 616.09
solana
Solana (SOL) $ 132.06
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.263581
dogecoin
Dogecoin (DOGE) $ 0.150801
staked-ether
Lido Staked Ether (STETH) $ 2,224.33
bitcoin
Bitcoin (BTC) $ 100,873.03
ethereum
Ethereum (ETH) $ 2,228.67
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.01
bnb
BNB (BNB) $ 616.09
solana
Solana (SOL) $ 132.06
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.263581
dogecoin
Dogecoin (DOGE) $ 0.150801
staked-ether
Lido Staked Ether (STETH) $ 2,224.33