Can Shiba Inu (SHIB) Replicate DOGE’s 2020/21 Rally?

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Shiba Inu (SHIB) is showing strong bullish momentum this week, breaking above its "1W MA50" (blue trend-line) for the first time since mid-August.

It’s also testing the top of its "7-month Channel Down", with support from the "1W MA200" (orange trend-line).

This "Channel Down" pattern resembles a "Bull Flag", which typically precedes major rallies.

Comparing Shiba’s current cycle with "Dogecoin’s (DOGE)" 2018-2021 cycle, SHIB is following a similar trajectory. After its October 2021 peak, Shiba’s price has been moving through a "Channel Down", which could lead to a parabolic rally if the "Bull Flag" breaks to the upside. Should this happen, SHIB could target the "1.5 Fibonacci extension" at **0.00035**, just as Dogecoin did during its January 2021 surge.

Conclusion :

Shiba Inu remains "undervalued", still below its "0.5 Fibonacci retracement level", and may be poised for a breakout. A potential "Bull Flag breakout" could lead to an aggressive rally, mirroring Dogecoin’s explosive growth.

Advice for Traders and Investors :

- Watch for a "Bull Flag breakout" as it may signal a strong rally.

- "Monitor the 1W MA50 and 1W MA200 trend-lines" for confirmation of continued bullish momentum.

- If the rally materializes, consider taking profits near the **0.00035 target** based on Fibonacci levels.