$SHIB 10 October lacks momentum, but November may be very different!
SHIB, the cryptocurrency of the dog world, performed reasonably in October, but it still fell short of our expectations. However, this month, it might surprise us greatly!
You see, since May, SHIB's price has been drawing a 'cup and handle' pattern, and it even found a bottom from August to September. Interestingly, Dogecoin just had a surge in October, and SHIB seems ready to follow suit.
Although the value of SHIB increased significantly from September to October, overall, the growth has been modest, averaging less than 3%. But don't rush; the cup and handle are drawn, and the bull market in November might just explode!
Currently, SHIB's price is $0.0000177, but if it can rise to $0.000027, that would make the pattern perfect, achieving a growth of 56%!
Moreover, there's something even more intriguing; SHIB seems to be forming a 'wedge' pattern, nearing a breakout, possibly around mid-November. If it breaks out, the price could soar rapidly.
Speaking of which, let’s take a look at the on-chain data; whales have been increasingly active lately, with their SHIB holdings rising from the end of September to now.
However, investors and retail traders are not so optimistic, as their SHIB holdings are decreasing. On the other hand, exchanges are quite bullish on SHIB, with significant capital inflows.
Recently, I plan to position myself for a potential explosive coin, doubling my investment seems quite simple, and I also intend to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not an issue, if you want to keep up, like + comment, and share for free.
