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Shib Price Analysis: Predicts Shib Price to End 8-Months Correction; Is $0.00004 Rally Close?Analysts predict Shiba Inu price could end its 8-month correction with a bullish breakout as it nears a key resistance point. The crypto market has witnessed a bearish turnaround ahead of the U.S. presidential election. As Bitcoin price dives below the $70,000 threshold, most major altcoins, including popular memecoin coin SHIB, showed renewed selling pressure. However, crypto analysts predict this pre-election pullback could recuperate the bullish momentum and drive a major breakout from the Shiba Inu price 8-month correction. Read till last line. Analyst Predicts Shiba Inu Price Breakout After 8-Month Correction: $0.00004 Possible? In a recent tweet, market analyst CryptoZeybek signals an impending breakout for Shiba Inu price amid the U.S. presidential election 2024. His analysis of SHIB’s daily chart showcases an active price consolidation trend between two converging trendlines, indicating the formation of a symmetrical triangle pattern. Theoretically, this pattern leads to a temporary sideways movement, allowing the prevailing trend to regain momentum and potentially trigger a sustained breakout. Amid the pre-election pullback, the SHIB price plunged from $0.0000198 to $0.000017, registering a 13% drop. However, several market analysts predict the U.S. election result to be highly bullish for the crypto market if a crypto-friendly candidate is elected. Thus, the current reversal could be a final dip before an accelerated market rally. If the theory holds true, the SHIB price could bounce 11.5% up to challenge the Triangle resistance at $0.0000114. A potential breakout from this barrier would conclude an eight-month correction and drive a major rally for Shiba Inu price prediction. According to the triangle pattern, this dog-themed memecoin could aim for a potential target of $0.000021, followed by $0.00003, followed by $0.000045. Source: x (formally twitter) SHIB Supply on Exchanges Drops as Whales Increase Holdings According to santiment data, the SHIB supply on exchange has witnessed a drastic drop from 158.75 trillion coins to 145 trillion coins in the last 5 months. This significant decrease implies that more investors are moving their SHIB holdings off exchanges and into private wallets, often a signal of reduced selling pressure and increased long-term holding sentiment. Moreover, the Shiba Inu supply held by top addresses has gradually increased since April 2024, reaching 61.4% with the crypto market today. This implies that larger investors or “whales” are accumulating more SHIB, which can be seen as a sign of confidence in the token’s long-term potential. Image Source: Santiment However, if the marker sellers continue to defend the overhead resistance trendline, the Shiba Inu price could delay its bullish breakout. Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Shib is the next bull run crypto. #Shibainuholder #shiba⚡ #shibpriceprediction #SHIBAnalysis #SHIBPrice

Shib Price Analysis: Predicts Shib Price to End 8-Months Correction; Is $0.00004 Rally Close?

Analysts predict Shiba Inu price could end its 8-month correction with a bullish breakout as it nears a key resistance point.
The crypto market has witnessed a bearish turnaround ahead of the U.S. presidential election. As Bitcoin price dives below the $70,000 threshold, most major altcoins, including popular memecoin coin SHIB, showed renewed selling pressure. However, crypto analysts predict this pre-election pullback could recuperate the bullish momentum and drive a major breakout from the Shiba Inu price 8-month correction. Read till last line.

Analyst Predicts Shiba Inu Price Breakout After 8-Month Correction: $0.00004 Possible?
In a recent tweet, market analyst CryptoZeybek signals an impending breakout for Shiba Inu price amid the U.S. presidential election 2024. His analysis of SHIB’s daily chart showcases an active price consolidation trend between two converging trendlines, indicating the formation of a symmetrical triangle pattern.
Theoretically, this pattern leads to a temporary sideways movement, allowing the prevailing trend to regain momentum and potentially trigger a sustained breakout. Amid the pre-election pullback, the SHIB price plunged from $0.0000198 to $0.000017, registering a 13% drop.
However, several market analysts predict the U.S. election result to be highly bullish for the crypto market if a crypto-friendly candidate is elected. Thus, the current reversal could be a final dip before an accelerated market rally.
If the theory holds true, the SHIB price could bounce 11.5% up to challenge the Triangle resistance at $0.0000114. A potential breakout from this barrier would conclude an eight-month correction and drive a major rally for Shiba Inu price prediction.
According to the triangle pattern, this dog-themed memecoin could aim for a potential target of $0.000021, followed by $0.00003, followed by $0.000045.

Source: x (formally twitter)
SHIB Supply on Exchanges Drops as Whales Increase Holdings
According to santiment data, the SHIB supply on exchange has witnessed a drastic drop from 158.75 trillion coins to 145 trillion coins in the last 5 months. This significant decrease implies that more investors are moving their SHIB holdings off exchanges and into private wallets, often a signal of reduced selling pressure and increased long-term holding sentiment.
Moreover, the Shiba Inu supply held by top addresses has gradually increased since April 2024, reaching 61.4% with the crypto market today. This implies that larger investors or “whales” are accumulating more SHIB, which can be seen as a sign of confidence in the token’s long-term potential.

Image Source: Santiment
However, if the marker sellers continue to defend the overhead resistance trendline, the Shiba Inu price could delay its bullish breakout.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Shib is the next bull run crypto.

#Shibainuholder #shiba⚡ #shibpriceprediction #SHIBAnalysis #SHIBPrice
𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙁𝙖𝙘𝙚𝙨 𝘾𝙧𝙞𝙩𝙞𝙘𝙖𝙡 𝙈𝙤𝙢𝙚𝙣𝙩 𝙖𝙨 65 𝙏𝙧𝙞𝙡𝙡𝙞𝙤𝙣 𝙎𝙃𝙄𝘽 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙇𝙚𝙫𝙚𝙡 𝙞𝙨 𝙏𝙚𝙨𝙩𝙚𝙙 Shiba Inu (SHIB) has experienced a significant 4% price drop in the last 24 hours, placing the 65 trillion SHIB support level at risk. This decline aligns with a broader cryptocurrency market downturn following key U.S. inflation data. The core PCE price index for April was reported at 2.8% year-over-year, in line with predictions but showing the lowest monthly increase since December 2023. Currently, SHIB is trading at $0.0000255, down 3.46%. Data from Into TheBlock indicates that 65.53 trillion SHIB were purchased by 62,110 addresses within the $0.000025 to $0.000027 range. The recent dip puts this range under scrutiny, as maintaining above this level could trigger a bullish trend. Conversely, a continued decline below $0.000025 might lead to a deeper correction, potentially down to $0.000019. The next major support lies between $0.000019 and $0.000025, where 59 trillion SHIB were acquired by 111,420 addresses. Surpassing the 65 trillion SHIB level could push SHIB to challenge the $0.000027 to $0.000030 range. #ShibaInu #Cryptocurrency #CryptoMarket #SHIBPrice #MarketAnalysis
𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙁𝙖𝙘𝙚𝙨 𝘾𝙧𝙞𝙩𝙞𝙘𝙖𝙡 𝙈𝙤𝙢𝙚𝙣𝙩 𝙖𝙨 65 𝙏𝙧𝙞𝙡𝙡𝙞𝙤𝙣 𝙎𝙃𝙄𝘽 𝙎𝙪𝙥𝙥𝙤𝙧𝙩 𝙇𝙚𝙫𝙚𝙡 𝙞𝙨 𝙏𝙚𝙨𝙩𝙚𝙙

Shiba Inu (SHIB) has experienced a significant 4% price drop in the last 24 hours, placing the 65 trillion SHIB support level at risk. This decline aligns with a broader cryptocurrency market downturn following key U.S. inflation data. The core PCE price index for April was reported at 2.8% year-over-year, in line with predictions but showing the lowest monthly increase since December 2023.

Currently, SHIB is trading at $0.0000255, down 3.46%. Data from Into TheBlock indicates that 65.53 trillion SHIB were purchased by 62,110 addresses within the $0.000025 to $0.000027 range. The recent dip puts this range under scrutiny, as maintaining above this level could trigger a bullish trend. Conversely, a continued decline below $0.000025 might lead to a deeper correction, potentially down to $0.000019. The next major support lies between $0.000019 and $0.000025, where 59 trillion SHIB were acquired by 111,420 addresses. Surpassing the 65 trillion SHIB level could push SHIB to challenge the $0.000027 to $0.000030 range.

#ShibaInu #Cryptocurrency #CryptoMarket #SHIBPrice #MarketAnalysis
$SHIB Update: Current Price: $0.00001349 Market Cap: $7.95 billion Circulating Supply: 589.52 trillion SHIB 24-hour Trading Volume: $120.02 million Resistance Level: SHIB is facing major resistance at $0.000015 due to significant volume from holders at that level. Support Levels: Strong support near $0.00001, with potential reversals if downward pressure persists​( CoinGape)​(CoinMarketCap). #BTC Update: Support Levels: Key support at $60,000, with potential dips to $58,000. Resistance Levels: Immediate resistance near $61,000-$62,000​(TradingView). #ShibaInu #BTC #CryptoUpdate #SHIBPrice
$SHIB Update:

Current Price: $0.00001349
Market Cap: $7.95 billion
Circulating Supply: 589.52 trillion SHIB
24-hour Trading Volume: $120.02 million
Resistance Level: SHIB is facing major resistance at $0.000015 due to significant volume from holders at that level.
Support Levels: Strong support near $0.00001, with potential reversals if downward pressure persists​(
CoinGape)​(CoinMarketCap).
#BTC Update:

Support Levels: Key support at $60,000, with potential dips to $58,000.
Resistance Levels: Immediate resistance near $61,000-$62,000​(TradingView).

#ShibaInu #BTC #CryptoUpdate #SHIBPrice
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