Shiba Inu (SHIB) Presents Buying Opportunity, Yet Rally Could Be Delayed
📉
Shiba Inu (SHIB) experienced a market dip on August 5 but rebounded from a five-month low, raising speculations of a price increase. On-chain data, including Daily Active Addresses (DAA) and Market Value to Realized Value (MVRV) ratios, suggest a buying opportunity, as SHIB appears undervalued. Currently, SHIB's price DAA is 12.17%, signaling active user participation outpacing price growth.
However, technical analysis presents a contrasting perspective. SHIB formed a descending channel, indicating a bearish continuation. The Bull-Bear Power (BBP) indicator is also negative, suggesting bears have more strength. SHIB's price could consolidate between $0.000012 and $0.000014 or decline to retest $0.000010.
Despite bullish on-chain signals, a notable upswing in SHIB’s price might not be imminent due to bearish technical indicators. Increased buying pressure may invalidate this and push SHIB's price to $0.000017.
Source: beincrypto.com ↗
Similar articles (97)
Can Shiba Inu’s Surge Make Millionaires in 2024? SHIB Price Analysis
Shiba Inu Price Forecast: Analyst Predicts 400% Surge – Will SHIB Overtake DOGE?
Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible
Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth
Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details
Shiba Inu Price Flashes Historical Bull Flag, Here’s What Happened Last Time
Shiba Inu Set for a 14.92% Surge: Key Indicators Signal Recovery
Get Ready For Take-Off! Shiba Inu Price To Jump 7,350% — Analyst
Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish
Shiba Inu Analyst Predicts Up to 20x Gains for DTX Exchange and Bittensor in the Last Quarter of 2024
Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge—Here’s Why
Shibtoshi Predicts Shiba Inu’s Price Surge Can Continue
100% Uptick For Shiba Inu? Experts Eye Global Reversal As Catalyst
Shiba Inu On The Brink Of A 400% Rally, Analyst Says—Will It Deliver?
Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?
Analysts Say Shiba Inu Price Will Reach New $0.006 ATH After 2,000% Rally, But This New Altcoin Will Surge 6,000% First
Shiba Inu To Double? Analyst Predicts 200% Price Hike – Details
Shiba Inu Could Surge 340%, Echoing Its 2021 Bull Run Peak — Analyst
Shiba Inu Rallies 34%, But Will FOMO End The Rally?
Why Shiba Inu Could Skyrocket 400% Amid Bitcoin Volume Drop
Shiba Inu Eyes Explosive 430% Climb As Momentum Builds —Analyst
Shiba Inu Rival Flashing Buy Singal that Triggered the SHIB Price 2021 8,000% Bull Run, Analyst Finds
Shiba Inu Price Prediction: SHIB On the Right Path, but Analyst Fears This Rival Will Outperform 3000x Sooner
Crypto Analyst Predicts Shiba Inu Will Surge 1,000% To $0.00014
Shiba Inu Exec Stuns Community With 1,000% Surge Prediction In 2-3 Days
Shiba Inu Analyst Warns of SHIB Price Drop as Shibarium Adoption Collapses, Points to $0.03 Altcoin for 5000x Gains
Hidden Bull Divergence Appears On Shiba Inu Chart, Here’s How High The Price Can Go
Shiba Inu’s Path To Bullish Breakout Hinges On This Key Area – Expert
Machine Learning Algorithm Predicts 109% Surge For Shiba Inu Price, The Timeline Is Shocking
Analyst Crashes Shiba Inu Investors’ Hope For Massive Rally With ‘Realistic’ Prediction
Shiba Inu Sees Positive Price Sentiment, Hinting At A Possible Price Rebound
Shiba Inu (SHIB) Eyes 470% Surge After Bullish Breakout
Shiba Inu Lead Sees Bipartisan Crypto Support as Analysts Predict 354% Upsurge for SHIB
Is a Shiba Inu (SHIB) Bullish Breakout Looming? Top Analyst Weighs In
Shiba Inu Lead Sees Bipartisan Crypto Support as Analysts Predict 354% Upsurge for SHIB
Analyst Says Shiba Inu Price Might Be Gearing Up For 5,000% Increase To Outperform Dogecoin, Here Is Why
Shiba Inu: How falling Bitcoin volumes could fuel a 400% SHIB rally
Shiba Inu (SHIB) Charts Suggest Potential for Larger Upward Diagonal
Can Shiba Inu Price Break Out? $66M Whale Activity Point to 108% Gains
Expert Says 100% Shiba Inu Price ‘Explosion Is Imminent,’ Here’s Where To Place Entries
Analyst Predicts Shiba Inu Price Could Surge 330% Following Hidden Bull Divergence.
Analysts Anticipate Gains for Shiba Inu
Shiba Inu Eyes Potential 354% Gain as It Marks Fourth Anniversary
Shiba Inu Price Analysis: Traders Push For a 22% Breakout
Shiba Inu: How the next few weeks can help SHIB gain 354%
Shiba Inu to hit March highs? New pattern suggests possible gains
Why Shiba Inu Price Might Boom as Exchange Deposits Hit 3-Year Low
Shiba Inu (SHIB) Price: Poised for Growth, Here’s Why
Shiba Inu’s Open Interest Spikes 13%, Analyst Foresees 500% Rally
Shiba Inu (SHIB) Ripe for Accumulation as Indicators Signal Price Rise
Shiba Inu can 50X soon as K9 Mainnet Launched
Shiba Inu Price Could Provide Buying Opportunity Before SHIB Skyrockets 50%
Shiba Inu Price Rally Imminent After SHIB & NEIRO Collaboration Rumors
FOMO-Driven Rally Could Increase SHIB Price By 90%
Will Shiba Inu surge 480% to $0.000081? Why analysts are confident
Analyst Forecasts Shiba Inu Rally to $8.1 — But a $0.03 AI Token Is Expected to Get There First
Fresh Buy Signal Puts Shiba Inu (SHIB) in Prime Position for 40% Rally
Exploring Shiba Inu’s 300% surge potential as traders go long
Can a Double-Bottom Breakout Push Shiba Inu For A 10x Rally?
Dogecoin Gearing Up For 100% Rally, But Can Shiba Inu Make You A Millionaire?
Shiba Inu – Assessing whether SHIB’s price really has 480% upside potential
Shiba Inu eyes 75-days-range breakout: Is 110% gain possible now?
Assessing Shiba Inu’s 20% price gain potential on the charts
Crypto Experts Speculates Shiba Inu To Surge Insanely In The Coming Weeks
Shiba Inu Price Eyes 38% Rally Amid Bullish Reversal Pattern
Analyst Predicts Shiba Inu Breakout to $0.000045 from Symmetrical Triangle Pattern
Shiba Inu (SHIB) Price Eyes A 100% Rally, But There’s A Catch?
Top Trader Predicts 44,000% Rally For Shiba Inu Price If This Happens
Trader Predicts A 44,000% Rally For SHIB! Is It Achievable?
Top 2 Reasons Why Shiba Inu (SHIB) Price Is Prepared For A Rally?
Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis
Mapping Shiba Inu’s price prediction as SHIB rallies 12% in 24 hours
Shiba Inu Price Forms Potential Bull Flag Pattern, Analysts Report
Shiba Inu Elliott Wave Analysis: 987% Price Surge Predicted
Shiba Inu awaits a golden cross: A signal for you to buy SHIB today?
Analyst Provides Timeline For When Shiba Inu Price Will Reach ATH
Shiba Inu to Reach $100B Market Cap? Analyst Makes Bold Prediction
Shiba Inu can soar 100% soon, but on THIS condition
Shiba Inu Price Eyes 300% Surge As Analyst Warns ‘80%+ Drops Are Behind Us’
Shiba Inu Price Could Hit $0.000081, Analyst Explains Why?
Shiba Inu Price On The Brink Of Breakout As Historical Bull Flag Appears, Altcoin Rival To Rally From $0.03846 To $18
Shiba Inu Price Sees Hidden Divergence Hinting at Uncertainty as this Alternative Eyes 8,577% Rally by 2025
Shiba Inu aims for 40% rally as BTC nears ATH: On-chain data suggests…
Shiba Inu (SHIB) Eyes 50% Rally, Insights from On-Chain Data
Shiba Inu Coin Lead Reveals Why SHIB Outshines BTC, Price To Rally 300%?
Shiba Inu Poised for Significant Price Surge
Shiba Inu to rally by 50% in November? Here’s why SHIB could replicate DOGE!
Shiba Inu Shows Strong Performance Despite Market Fears
Analysts Predict Significant Gains for Shiba Inu by 2025
PlanC Predicts Shiba Inu Could Surge by 300%
Shiba Coin Price Rises, Analysts Predict Potential Growth
Analysts Predict Significant Price Increase for Shiba Inu
Shiba Inu (SHIB Coin) Predicted to Surge 17.5X by 2025 Bull Market
Shiba Inu (SHIB) Set to Soar: Analyst Predicts Major Breakout and Loss of Double Zeroes
Shiba Inu (SHIB) Poised for 100% Surge Amid Bullish Breakout Potential and Rising Investor Interest
Bitcoin’s Next Bull Run: Could It Spark a Major Surge for Shiba Inu in Just Months?
Shiba Inu (SHIB) Set for Bullish Breakout: Experts Predict Potential 6X Growth Amid Market Optimism
