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Shiba Inu (SHIB) Price: Forms Cup-and-Handle Pattern: Massive Rise Incoming? Blockonomi 08 лис 2024

Shiba Inu (SHIB) Price: Forms Cup-and-Handle Pattern: Massive Rise Incoming? 📈

Shiba Inu (SHIB) is showcasing a cup-and-handle pattern, a commonly recognized chart indicator that may lead to significant price escalations. Analysts predict a possible 90% rise in its price, hitting approximately $0.00003545 by early 2025. The suggestion arises from the formation of this pattern which typically precedes significant upward trends.

Additionally, there's been a notable increase in whale transactions, touting a 4% boost, indicating strong interest from large investors. In just 24 hours, 2.57 trillion SHIB tokens were traded, demonstrating a proactive interest in the token.

Despite these positive indicators, SHIB has somewhat lagged compared to Dogecoin, which has experienced a staggering 115% year-to-date growth. However, the ongoing developments in the Shiba Inu ecosystem, including the proposed Strategic Hub for Innovation and Blockchain (S.H.I.B.), may bolster SHIB’s potential rise in the coming months.

Джерело: blockonomi.com ↗

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