{"id":124730,"date":"2023-07-19T20:35:48","date_gmt":"2023-07-19T20:35:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-shib-price-revert-from-0-0000083-or-soar-to-new-heights-crypto-news\/"},"modified":"2023-07-19T20:35:52","modified_gmt":"2023-07-19T20:35:52","slug":"will-shib-price-revert-from-0-0000083-or-soar-to-new-heights-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-shib-price-revert-from-0-0000083-or-soar-to-new-heights-crypto-news\/","title":{"rendered":"Will $SHIB Price Revert from $0.0000083 or Soar to New Heights?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154733\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/20015323\/15xJOngi.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Shiba Inu Price Analysis\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 7 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Shiba Inu Price Analysis: In the weekly time frame chart, the Shiba Inu price shows the formation of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart\/#:~:text=By%20Coingape%20Staff&#038;text=A%20falling%20wedge%20pattern%20is,in%20a%20falling%20wedge%20pattern.\">falling wedge pattern<\/a>,  Under the influence of this pattern, the coin price coverage within two downsloping trendlines suggesting the downward trend is reaching maturity.  However, as of now, the coin price has recently bounced back from the lower support trendline indicating a bullish reversal within the pattern&#8217;s range.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/shiba-inu-team-denounces-leash-impersonator\/\">Shiba Inu Team Denounces LEASH Impersonator<\/a><\/p>\n<h2><b>Shiba Inu Price Daily Chart: <\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An ascending triangle pattern carries the current recovery phase in SHIB price.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish breakout from $0.00000845 will set memecoin for a bullish upswing to $0.00000965.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume of the Shiba Inu coin is $89.2 Million, showing a 6.53% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Shiba Inu Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/15xJOngi.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/1\/15xJOngi.png\" alt=\"Shiba Inu Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After the early June sell-off, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu Price<\/a> Rebounded from the support trendline of the wedge pattern.  The bullish reversal triggered a bull cycle with the pattern and ideally set a rally back to the overhead trendline.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The fresh rally surged the popular memecoin by 55% and reached the $0.00000845 barrier.  Amidst the current uncertainty, in the crypto market, the buyers are struggling to break this resistance and create a short consolidation below.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, this consolidation shaped into an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/ascending-triangle\/\">ascending triangle pattern<\/a> In the daily time frame chart, indicating the SHIB price is witnessing gradual accumulation from buyers.  In response to this pattern, the memecoin could break the $0.00000845 as a signal to uptrend continuation.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><span style=\"font-weight: 400;\">What if SHIB Price Breaks the $0.00000845 Barrier?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If the overhead supply at $0.00000845 resistance persists, the Shiba Inu price may prolong the sideways trend for a few more trading days.  However, the converging range of the ascending triangle pattern will eventually lead to a breakout move, with more probability of surpassing $0.00000845.  This breakout could offer potential buyers an opportunity and lead the price rally to $0.00000965, followed by $0.0000119.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">Despite a lower low formation in SHIB price, the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> Forming the same low indicates the increased accumulation from buyers and hence potential for recovery.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The SHIB price below the 100 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">Ema<\/a> of the weekly chart indicates the long-term trend is bearish.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154733\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154733\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 7 minutes ago Shiba Inu Price Analysis: In the weekly time frame chart, the Shiba Inu price shows the formation of a falling wedge pattern, Under the influence of this pattern, the coin price coverage within two downsloping trendlines suggesting the downward trend is reaching maturity. However, as of now, the coin price has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":124731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-124730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124730"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124730\/revisions"}],"predecessor-version":[{"id":124732,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124730\/revisions\/124732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/124731"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}