{"id":124208,"date":"2024-11-10T11:46:50","date_gmt":"2024-11-10T04:46:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=124208"},"modified":"2024-11-10T11:46:50","modified_gmt":"2024-11-10T04:46:50","slug":"shiba-inu-shib-flashes-buy-signal-key-insights-for-traders","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=124208","title":{"rendered":"Shiba Inu (SHIB) Flashes Buy Signal, Key Insights for Traders"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Shiba Inu (SHIB), the popular and second-largest meme coin, is now poised for a significant upside rally after consolidating for more than six weeks. It has been observed that while top crypto assets experience notable upside rallies, SHIB remains in a consolidation phase and appears to be struggling.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-why-is-the-shib-price-increasing\"><strong>Why is the SHIB Price Increasing?<\/strong><\/h2>\n<p>Recently, the on-chain analytics firm <a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">IntoTheBlock<\/a> revealed that the large transaction volume of the SHIB meme coin has surged by over 150% in the past 24 hours.<\/p>\n<p>This significant increase in large transactions indicates strong participation from whales, as SHIB has formed a bullish price action pattern. Moreover, this notable transaction volume suggests a potential upside rally.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-shiba-inu-shib-technical-analysis-and-upcoming-levels-nbsp\"><strong>Shiba Inu (SHIB) Technical Analysis and Upcoming Levels\u00a0<\/strong><\/h2>\n<p>In addition to the current bullish on-chain metrics, expert technical analysis suggests that <a href=\"https:\/\/coinpedia.org\/crypto-live-news\/shiba-inu-witnesses-massive-1300-increase-in-burn-rate\/\">SHIB<\/a> has formed a bullish inverted head-and-shoulders price pattern on the weekly and daily time frames. Meanwhile, the ongoing price consolidation indicates significant acquisitions or accumulation of SHIB by whales and large investors.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"449\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04-1024x449.png\" alt=\"\" class=\"wp-image-378068\" srcset=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04-1024x449.png 1024w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04-300x131.png 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04-768x336.png 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04-1536x673.png 1536w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10055917\/SHIBUSDT_2024-11-10_05-59-04.png 1824w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/a><figcaption class=\"wp-element-caption\">Source: Trading View<\/figcaption><\/figure>\n<p>Based on recent price action and historical momentum, if SHIB breaks through the neckline of the bullish pattern at the $0.000020 level and closes a daily candle above it, there is a strong possibility that the meme coin could surge by 34%, reaching the $0.000028 level in the coming days.<\/p>\n<p>Currently, SHIB is trading above the 200-day Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend. Additionally, the 50-day and 200-day EMAs have formed a golden crossover, which is a bullish signal for the asset.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-bullish-on-chain-metrics-nbsp\"><strong>Bullish On-Chain Metrics\u00a0<\/strong><\/h2>\n<p>SHIB\u2019s positive outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, SHIB\u2019s long\/short ratio currently stands at 1.03, indicating bullish sentiment among traders. Additionally, its open interest has skyrocketed by 19% over the past 24 hours and 8.5% over the past four hours.<\/p>\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"364\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132-1024x364.png\" alt=\"\" class=\"wp-image-378069\" srcset=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132-1024x364.png 1024w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132-300x107.png 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132-768x273.png 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132-1536x545.png 1536w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2024\/11\/10060028\/image-132.png 1552w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/a><figcaption class=\"wp-element-caption\">Source: Coinglass<\/figcaption><\/figure>\n<p>This rising open interest suggests growing trader interest in the meme coin, leading to a continuous increase in open positions as SHIB is poised for a breakout.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-current-price-momentum-nbsp\"><strong>Current Price Momentum\u00a0<\/strong><\/h3>\n<p>At press time, SHIB is trading near the $0.000020 level and has experienced a price surge of over 7% in the past 24 hours. During the same period, its trading volume has increased by 30%, indicating heightened participation as the price approaches the breakout level.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/coinpedia.org\/news\/shiba-inu-shib-flashes-buy-signal-key-insights-for-traders\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB), the popular and second-largest meme coin, is now poised for a significant upside rally after consolidating for more than six weeks. It has been observed that while &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=124208\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-124208","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124208"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/124208\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}