###SHIBUSDT #HotTrends #BTC Shiba Inu (SHIB) Price Forecast: Will It Outperform Bitcoin?
In Brief
Shiba Inu's price surged 267% in 10 days, hitting a Fibonacci resistance at $0.000037, potentially signaling a new bullish cycle if surpassed.
Despite bullish tendencies in weekly and daily charts, caution is advised due to heavily overbought conditions, with potential corrections finding support at $0.00003 and $0.00002.
Mixed signals in the 4H chart show a bullish trend confirmed by a golden crossover but with bearish MACD lines, suggesting a decisive break at $0.00003 or $0.000037 for SHIB's direction.
The price of Shiba Inu (SHIB) has surged by over 226% against BTC in just ten days, even as BTC reaches new all-time highs.
This significant increase reflects a broader trend seen in many other memecoins, suggesting a possible rise in the popularity and influence of memecoins in the current market landscape.
Shiba Inu Surges 267% in 10 Days: What’s Next?
The price of Shiba Inu Coin has surged by approximately 267% in the last ten days, reaching a significant Fibonacci resistance level at around $0.000037. If SHIB breaks this resistance, the next notable Fibonacci resistance will be around $0.000057.