{"id":192801,"date":"2023-11-13T21:29:24","date_gmt":"2023-11-13T15:59:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib-crypto-news\/"},"modified":"2023-11-13T21:29:29","modified_gmt":"2023-11-13T15:59:29","slug":"shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib-crypto-news\/","title":{"rendered":"Shiba Inu Price Prediction As Traders Eye 46% Double-Bottom Breakout, Time To Buy SHIB? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-164283\">\n<p>\nShiba Inu price uptrend encountered a significant seller congestion zone at $0.0000096, forcing bulls to abandon the push for gains above $0.00001. Meanwhile, the double-bottom pattern reinforces the bullish grip.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"2710\" height=\"1454\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Shiba Inu price prediction daily chart\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-150x80.png 150w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 13 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p class=\"p1\">The meme coin hype is gradually making its way back into the industry bolstered by cumulative gains to the tune of 600% in 24 hours, according to market data as presented by\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/view\/memes\/\"><span class=\"s1\">CoinMarketCap<\/span><\/a>. Shiba Inu (SHIB), the second-largest meme coin with $5.2 billion in market cap and trading at $0.00000873, climbed to $0.0000096 last week before trimming some of its gains.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2 class=\"p1\">Shiba Inu Price Prediction: SHIB Flaunts Double-Bottom Pattern<\/h2>\n<p class=\"p1\">Shiba Inu has been trending higher from the time it bounced off support at $0.00000668 on October 20. The uptrend was gradual and lock-step at first with resistance at $0.000008 standing in the way.<\/p>\n<p class=\"p1\">A break above this hurdle in early November, reinforced the bullish grip, paving the way for the second phase of the recovery to $0.00001. This bullish leg extended above $0.000009 but a waning momentum saw Shiba Inu stall at $0.0000096, introducing a significant level of risk.<\/p>\n<figure id=\"attachment_164284\" aria-describedby=\"caption-attachment-164284\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-164284\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Shiba Inu price prediction daily chart\" width=\"2710\" height=\"1454\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-150x80.png 150w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-164284\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png\" alt=\"Shiba Inu price prediction daily chart\" width=\"2710\" height=\"1454\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/SHIBUSD_2023-11-13_18-35-33-150x80.png 150w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-164284\" class=\"wp-caption-text\">Shiba Inu price prediction daily chart | Tradingview<\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu price<\/a><\/span>\u00a0is in the process of validating a double-bottom pattern likely to result in an impressive 46% move from the breakout point to $0.0000145. This pattern formed toward the end of a downtrend. It signifies that selling pressure has faded to give way for bulls to take the reins.<\/p>\n<p class=\"p1\">Resistance is expected to delay the breakout at the dotted neckline. If successfully broken, a breakout will follow accompanied by increasing trading volume.<\/p>\n<p class=\"p1\">Traders are advised to place their buy orders slightly above the neckline resistance with a stop loss marginally below the same level. The massive increase in trading volume creates volatility and momentum for the climb, whose target is equal to the height of the pattern.<\/p>\n<p class=\"p1\">The Moving Average Convergence Divergence (MACD) indicator further reinforces the growing bullish grip with a buy signal. On top of the buy signal, the momentum indicator\u2019s movement above the neutral area and further into the positive region, marks a change in SHIB\u2019s trajectory.<\/p>\n<p class=\"p1\">A bullish cross on the same daily chart is another technical affirmation. This pattern reinforces the bullish narrative, validating a long-term outlook. It manifests when a short-term MA crosses above a long-term MA.<\/p>\n<p class=\"p1\">In SHIB\u2019s case, the 50-day Exponential Moving Average (EMA) is pushing to flip above the 100-day EMA.<\/p>\n<p class=\"p1\">Despite bulls having a stronger case, traders would be looking for certain price actions before\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/popular-crypto-analysts-bullish-on-doge-and-shib-despite-liquidity-woes\/?utm_source=24hrsupdatealtcoin\"><span class=\"s1\">buying or selling SHIB this week<\/span><\/a>. Those interested in longing Shiba Inu may want to wait until the ongoing gains trimming subside and give way to consolidation followed by a recovery above $0.000009. Such a move gives buyers time to seek more exposure while creating the necessary momentum for a massive rally past $0.00001.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">On the other hand,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/shiba-inus-shytoshi-kusama-hints-readiness-for-bull-market\/\"><span class=\"s1\">Shiba Inu decline<\/span><\/a> below the 200-day EMA (purple) at $0.00000837 might change the trajectory downwards. Although it would be prudent to anticipate a rebound at $0.000008 support, we cannot immediately rule out the impact of panic selling. Other support areas to consider are $0.000007 and $0.00000668.<\/p>\n<h3 class=\"p1\">Related Articles<\/h3>\n<\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib\/&#038;text=Shiba Inu Price Prediction As Traders Eye 46% Double-Bottom Breakout, Time To Buy SHIB?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/shiba-inu-price-prediction-as-traders-eye-46-double-bottom-breakout-time-to-buy-shib\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA164283\">\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>John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.                         <\/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\/382b200bdfe14eeef2a23454909dbc78?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\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?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=\"TabD164283\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu price uptrend encountered a significant seller congestion zone at $0.0000096, forcing bulls to abandon the push for gains above $0.00001. Meanwhile, the double-bottom pattern reinforces the bullish grip. Published 13 seconds ago The meme coin hype is gradually making its way back into the industry bolstered by cumulative gains to the tune of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":192802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-192801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192801","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=192801"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192801\/revisions"}],"predecessor-version":[{"id":192803,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192801\/revisions\/192803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/192802"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=192801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=192801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=192801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}