Will SHIB Rise? This Surge is Really Exciting!

#Bitcoin Breaks the Thanksgiving Curse

The price trend of SHIB looks like it's about to break through the sky, and the cryptocurrency community is buzzing. In the past 24 hours, SHIB has surged by 6.99%, and the price has soared to $0.000026, all because of the high number of buyers. The market capitalization of SHIB has also risen significantly, now at $15.35 billion, ranking it 13th in the cryptocurrency world, its status becoming increasingly prominent.

However, we need to stay cautious about this surge. Although the price has gone up, the trading volume has dropped by 11.93%, now only at $936.54 million. Fortunately, the ratio of trading volume to market capitalization is still considered normal at 6.08%, indicating that the market remains stable and hasn’t gone haywire.

As for SHIB's potential, we need to look at price predictions. From the charts, SHIB is currently forming a classic 'cup and handle' pattern, and the price could potentially rise to $0.00002950, or even higher. There's also a 'bullish pennant' pattern, which suggests a price breakout is imminent, with target prices looking quite enticing.

Elliott Wave analysis also indicates that SHIB is currently in an adjustment phase, but it might face a significant surge ahead. Of course, these are all predictions; we need to see how the market behaves.

However, even though the bullish signals are quite clear, we should not be complacent. SHIB's resistance level is at $0.00002950, which is not to be underestimated. If the price falls below the support level of $0.00002229, then the previous bullish forecast might go down the drain, and the price could continue to drop to $0.000020100.

#Bitcoin Breaks the Thanksgiving Curse

As for the next strategic direction, I will guide everyone to focus on the lucrative opportunities in altcoins, especially those with high potential projects, aiming for a return of 10 times or more is not a problem. If you want to make big money in a bull market, give a thumbs up + leave a message, and I'll take you to plan the whole bull market!