Opportunity for Traders?

Shiba Inu (SHIB), one of the most popular meme coins, experienced a rollercoaster ride over the past few days. After soaring over 15% and reaching $0.000033—its highest price since March 2024—SHIB faced a sharp 10% correction on Monday. While some see this as a setback, market analysts suggest it could be the perfect setup for another explosive rally.

The Calm Before the Storm?

Renowned X analyst Diamond-Hands believes SHIB’s recent dip might signal the end of its correction. The asset now appears primed for a new upward wave:

> “Correction done on $SHIB. We might get another wave up from here.”

Another expert, Ali, highlights that as long as SHIB maintains support at $0.000025, a price target of $0.000037 is well within reach. Bullish sentiment continues to dominate discussions among SHIB enthusiasts, with many speculating a return to its all-time high (ATH) of $0.00008616.

Major Strength Confirmed

Technical analyst Javon Marks points to SHIB’s weekend rally as a confirmation of a bullish pattern, suggesting the meme coin still has major strength:

> “With holding breakouts implying that $0.000081 target is still in play, SHIB could soon target its ATH.”

For SHIB to reach a new ATH, the price would need to triple. While ambitious, many traders are optimistic that the combination of strong community support and market momentum could make it possible.

Why the Dip Could Be Good News

Corrections like these are often seen as opportunities for new investors to enter the market or for existing holders to accumulate more tokens at discounted prices. In a market where sentiment drives value, these pullbacks can help reset the stage for the next leg up.

What’s Next for SHIB?

As SHIB hovers around $0.00002971, traders and enthusiasts on Binance are closely watching:

Key Support: $0.000025

Immediate Target: $0.000037

Long-term Potential: A test of $0.000081 and beyond

For patient holders, this dip could be a golden ticket to future gains. As Deann_01 aptly puts it:

> “Buy at the top and don’t bear the drawdown, you miss the long-term rewards.”

Ready to take advantage of SHIB's next move? Keep an eye on the charts, follow the breakout patterns, and stay prepared for what could be a breakout December for this meme coin!

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