Fear & Greed Index<\/a> residing in the greed zone may suggest possibilities for price appreciation, although it also warrants caution for probable corrections.<\/p>\nIt is crucial for traders to monitor important support levels at $0.000018 and resistance levels at $0.000019 while navigating this volatile market environment. Shiba Inu is a promising investment due to its performance and expectations.<\/p>\n
Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"A leading analyst has forecasted that Shiba Inu may surge by 400%, elevating its price to $0.000074. This prospective increase is supported by recent price movements and significant technical indicators. Related Reading: Neiro Coin Blows Up 4,608%\u2014Can It Sustain The Momentum? Shiba Inu has experienced a consistent increase, presently trading at $0.00001805\u00a0following a brief decline to the $0.000016 area last week. Although its gains have been less substantial than those of other meme tokens, observers believe SHIB is poised for a significant rebound imminently. TradingView expert Without Worries has recommended that this is an opportune moment to initiate a long position in Shiba Inu. Despite a 70% decline in the token since March, numerous positive indicators have surfaced, such as RSI breakouts and trend reversals. Shiba Inu Price: How Big Is The Projected Increase? Shiba Inu might rise 400% to $0.000074, according to the researcher. SHIB made a fourfold increase to $0.000045 early this year, which matches this estimate. Notwithstanding the optimism, the analyst saw the potential for additional corrections regarding Shiba Inu. Investors must remain cognizant of possible obstacles ahead. Resistance Levels Shiba Inu is currently facing resistance at $0.00001865. It has already broken through this level to reach an intraday high of $0.00001893. The next levels of resistance are $0.00001969 and $0.00002094. The present technical analysis for SHIB forecasts a price escalation of 0.74%, aiming for $0.00001802 by November 14, 2024. Strong market mood supports this forecast, as shown by the Fear & Greed Index, which sits at 65 and denotes investor greed. Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months Time To Buy The Meme Coin? In the preceding month, Shiba Inu experienced 15 green days out of 30, resulting in a 50% positive performance rate, and shown a price volatility of 12.02%. These facts indicate that the present may be a favorable opportunity for investors to contemplate acquiring SHIB. The optimistic sentiment and substantial anticipated expansion underscore robust market interest in the meme coin from a technical standpoint. The Fear & Greed Index residing in the greed zone may suggest possibilities for price appreciation, although it also warrants caution for probable corrections. It is crucial for traders to monitor important support levels at $0.000018 and resistance levels at $0.000019 while navigating this volatile market environment. Shiba Inu is a promising investment due to its performance and expectations. Featured image from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":648242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,84471,83668,83667],"class_list":["post-648234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coin","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n
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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/www.shenyangcang.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu On The Brink Of A 400% Rally, Analyst Says\u2014Will It Deliver?","url":"http:\/\/www.shenyangcang.com\/news\/shiba-inu-on-the-brink-of-a-400-rally-analyst-says-will-it-deliver\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/shiba-inu-on-the-brink-of-a-400-rally-analyst-says-will-it-deliver\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/a.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/a.jpeg?fit=2000%2C1333"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","meme coin","shib","shiba inu"],"dateCreated":"2024-10-16T15:30:16Z","datePublished":"2024-10-16T15:30:16Z","dateModified":"2024-10-16T15:30:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu On The Brink Of A 400% Rally, Analyst Says\\u2014Will It Deliver?\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/shiba-inu-on-the-brink-of-a-400-rally-analyst-says-will-it-deliver\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/shiba-inu-on-the-brink-of-a-400-rally-analyst-says-will-it-deliver\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/a.jpeg?fit=2000%2C1333\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"meme coin\",\"shib\",\"shiba inu\"],\"dateCreated\":\"2024-10-16T15:30:16Z\",\"datePublished\":\"2024-10-16T15:30:16Z\",\"dateModified\":\"2024-10-16T15:30:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/a.jpeg?fit=2000%2C1333","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=648234"}],"version-history":[{"count":6,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648234\/revisions"}],"predecessor-version":[{"id":648244,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/648234\/revisions\/648244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/648242"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=648234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=648234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=648234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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