• Latest
  • Trending
Shiba Inu Targets 45% Price Explosion

Shiba Inu Targets 45% Price Explosion

July 16, 2024
Soars Amid Controversial Tokenized OpenAI Equity Launch

Soars Amid Controversial Tokenized OpenAI Equity Launch

July 2, 2025
Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

July 2, 2025
SOGNI is available for trading!

SOGNI is available for trading!

July 2, 2025
OKX Wallet Announces $100,000 KOKOK Trading Competition: What Makes This Solana Memecoin Stand Out?

OKX Wallet Announces $100,000 KOKOK Trading Competition: What Makes This Solana Memecoin Stand Out?

July 2, 2025
OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

July 2, 2025
Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T Spending Bill

July 2, 2025
Bitcoin to reach $170k amid record high M2 supply

Bitcoin to reach $170k amid record high M2 supply

July 2, 2025
Ripple Applies For US Banking License

Ripple Applies For US Banking License

July 2, 2025
$304 Million in Solana (SOL) Moved in Minutes, What’s Happening?

$304 Million in Solana (SOL) Moved in Minutes, What’s Happening?

July 2, 2025
  • Privacy Policy
Thursday, July 3, 2025
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Shiba Inu Targets 45% Price Explosion

J_News by J_News
July 16, 2024
in Crypto, Top News
0
Shiba Inu Targets 45% Price Explosion
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The anonymous crypto analyst pullbacksignal has published a technical analysis of Shiba Inu (SHIB) via TradingView, which attests to the cryptocurrency a strong upside potential. In the 4-hour chart against Tether (USDT), the Shiba Inu price has formed an inverse head and shoulders pattern, traditionally recognized as a bullish reversal signal following a downtrend.

Related articles

Soars Amid Controversial Tokenized OpenAI Equity Launch

Soars Amid Controversial Tokenized OpenAI Equity Launch

July 2, 2025
Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

July 2, 2025

Shiba Inu Price Eyes 45% Rally

The inverse head and shoulders pattern is marked by three troughs with the middle trough (head) deeper than the flanking ones (shoulders), and it is the opposite of the traditional head and shoulders bearish pattern. The shoulders are ideally of equal depth, and the head is a clear dip below the shoulders.

A key feature of this pattern is the ‘neckline,’ a resistance line drawn by connecting the high points of the two troughs forming the shoulders. A decisive breakout above this neckline is generally perceived as a confirmation of the pattern and signals the start of a potential bullish trend.

Related Reading

In his chart, the crypto analyst highlights this breakout signal. The neckline, drawn in red, has been breached on Saturday, July 13, with a closing price above this line, signaling bullish momentum.

Shiba Inu technical analysis | Source: TradingView.com

The left shoulder and right shoulder are aligned at approximately $0.000016, framing the head which dips below $0.000013. This dip, followed by a rebound to the second shoulder, completes the formation and sets the stage for potential upward movement.

Notably, the crypto analyst identifies three potential targets post-breakout which investors might aim for. The first target is at $0.0000209, representing an initial resistance level past the breakout point. The second target lies at $0.0000239 and could serve as a mid-term goal for the price following the breach.

The ultimate target at $0.0000285 reflects the full potential of the breakout, equating to an approximate 45% increase from the neckline breakout level.

Related Reading

Moreover, an important element in the chart is the ascending blue trendline. This line, starting from the base of the head and moving upward through the formation of the right shoulder, underpins the bullish sentiment, illustrated by a rising support level.

This trendline not only confirms the higher lows, which align with the bullish reversal pattern, but also serves as a dynamic support that can guide trading decisions. A bounce off this trendline could offer additional buying opportunities, reinforcing confidence in the continuation of the uptrend.

For traders looking to capitalize on this setup, it is essential to manage risk. The analysis suggests a stop loss at $0.0000140. Furthermore, the pullback level marked at $0.0000150 is highlighted as a crucial support area. If the entire market is about to see another major correction, this price could serve as the ultimate “buy-the-dip” level.

At press time, SHIB traded at $0.00001925.

Shiba Inu price
SHIB battles with the 200-day EMA, 1-day chart | Source: SHIBUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com



Source link

ShareTweetShareShare

Related Posts

Soars Amid Controversial Tokenized OpenAI Equity Launch

Soars Amid Controversial Tokenized OpenAI Equity Launch

by J_News
July 2, 2025
0

TLDR Robinhood soars on token launch, but OpenAI denies any affiliation. Tokenized OpenAI equity stirs hype—and sharp legal backlash. Robinhood...

Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

Uptrend Without Golden Cross, Bitcoin (BTC) Key $120,000 Breakout Possible?

by J_News
July 2, 2025
0

Solana moves upSpeculations around Bitcoin Following months of unrelenting decline and low trading activity, Shiba Inu is beginning to show signs...

SOGNI is available for trading!

SOGNI is available for trading!

by J_News
July 2, 2025
0

July 2, 2025 | Asset Listings We’re thrilled to announce that SOGNI is available for trading on Kraken! Funding and...

OKX Wallet Announces $100,000 KOKOK Trading Competition: What Makes This Solana Memecoin Stand Out?

OKX Wallet Announces $100,000 KOKOK Trading Competition: What Makes This Solana Memecoin Stand Out?

by J_News
July 2, 2025
0

Major exchange platform backs Solana’s ‘unkillable’ cockroach token with massive reward pool, but what makes this memecoin different? OKX Wallet...

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

OpenAI Warns That Tokenized Equity Sale on Robinhood Is Unauthorized

by J_News
July 2, 2025
0

Tokenized equity offerings for OpenAI being offered to Robinhood users in Europe are not officially authorized by the company, the...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Top 10 NFTs to Watch in 2025 for High-Return Investments

Top 10 NFT Games with the Biggest Earning Potential in 2025

8 Top Crypto Fundraising Ideas Best for Startups

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog