{"id":33532,"date":"2022-10-29T20:22:51","date_gmt":"2022-10-29T20:22:51","guid":{"rendered":"http:\/\/egrowonline.com\/?p=33532"},"modified":"2022-10-29T20:22:51","modified_gmt":"2022-10-29T20:22:51","slug":"shiba-inu-price-surged-20-but-will-it-sustain","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=33532","title":{"rendered":"Shiba Inu Price Surged 20%, But Will It Sustain?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-125465\">\n<div class=\"marketThumbs\">\n<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"shiba inu SHIB\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/05\/24172108\/SHIBA-INU.jpg\" \/><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/05\/24172108\/SHIBA-INU.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"shiba inu SHIB\" \/><\/div>\n<p class=\"MarketsUp f-14 d-block\">Published 3 hours ago <\/p>\n<div class=\"Atcs\">\n<p><span data-preserver-spaces=\"true\">The <a target=\"_blank\" href=\"https:\/\/coingape.com\/heres-why-shiba-inu-shib-could-soon-follow-doges-15-price-jump\/\" rel=\"noopener\">Shiba Inu price skyrockets<\/a> after the recent bullish breakout of the consolidation range between $0.0000104 and $0.00000955. Amid the strong recovery in memecoins, the SHIB prices witnessed a recovery rally reaching the bearish outpost of $0.0.000015. Currently, the recovery rally shows higher price rejection but might shortly give a pullback opportunity.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Key points:\u00a0<\/span><\/strong><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">The bullish rally challenges the bearish ceiling at $0.000014.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The daily-RSI slope approaches the overbought boundary.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">The intraday trading volume of the Shiba Inu coin is $1.8 Billion, showing a 167% gain.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" alt=\"Shiba Inu price Chart\" width=\"1236\" height=\"862\" src=\"https:\/\/s3.tradingview.com\/snapshots\/s\/su36ghHH.png\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/s\/su36ghHH.png\" alt=\"Shiba Inu price Chart\" width=\"1236\" height=\"862\" \/>Source-\u00a0<\/span><a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/digitalcoinprice.com\/coins\/shiba-inu\"><span data-preserver-spaces=\"true\">Digitalcoinprice<\/span><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">With the fast-recovery Dogecoin, Shiba Inu joins the rally in meme coins as <a target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-elon-musk-becomes-twitter-ceo-will-reverse-bans\/\" rel=\"noopener\">Billionaire Elon Musk takes over Twitter<\/a>. Along with a positive week in the U.S. markets, the recovery rally in the crypto world continues with increasing demand for altcoins.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu price booms to reach the $0.000015 mark after beating the crucial EMAs(20, 50, and 100) and a jump of 48% last week. In hindsight, the bullish breakout of the consolidation between $0.0000104 and $0.00000955 gaslighted the rally by unleashing the trapped momentum.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">Furthermore, the rising trend in the trading volume supports the recent recovery rally adding more points to the uptrend continuation possibility.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Currently, the <a target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/altcoins\/\" rel=\"noopener\">altcoin<\/a> trades at $0.000014 with an intraday growth of 19.5% and a higher price rejection from $0.000015. Therefore, if the selling pressure increases from the overhead resistance at $0.000015, the compressing prices will retest the 0.382 <a target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/fibonacci-retracement\/\" rel=\"noopener\">Fibonacci retracement level<\/a> at $0.0000128 or 0.5 FIB level at the $0.00001225 mark.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On a bullish note, if the buying pressure sustains during the correction phase, the Shiba Inu price will breach the overhead resistance, offering an entry opportunity. Thus, a daily candle closing above $0.000015 could drive the prices higher to $0.000016.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Technical indicator<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><strong>Relative strength index:<\/strong> the <a target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\" rel=\"noopener\">daily-RSI slope<\/a> surged into the overbought territory, reflecting a need for a price correction to stabilize the bull run.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>DMI-<\/strong> The bullish gap between the DI lines increases with the weekly recovery, reflecting an increase in the underlying bullishness.\u00a0\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Shiba Inu price intraday levels<\/span><\/h2>\n<ul>\n<li><span data-preserver-spaces=\"true\">Spot price: $0.000014<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Trend: Bullish<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Volatility: low<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Resistance levels- $0.000015 and $0.000015<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support levels: $0.0000014 and $0.0000128<\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA125465\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nFrom the past 5 years I working in Journalism. I follow the Blockchain &amp; Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" \/> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD125465\">\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>\n<\/div>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\" rel=\"noopener\">Close Story<\/a>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiS2h0dHBzOi8vY29pbmdhcGUuY29tL21hcmtldHMvc2hpYmEtaW51LXByaWNlLXN1cmdlZC0yMC1idXQtd2lsbC1pdC1zdXN0YWluL9IBT2h0dHBzOi8vY29pbmdhcGUuY29tL21hcmtldHMvc2hpYmEtaW51LXByaWNlLXN1cmdlZC0yMC1idXQtd2lsbC1pdC1zdXN0YWluL2FtcC8?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published 3 hours ago The Shiba Inu price skyrockets after the recent bullish breakout of the consolidation range between $0.0000104 and $0.00000955. Amid the strong recovery in memecoins, the SHIB prices witnessed a recovery rally reaching the bearish outpost of $0.0.000015. Currently, the recovery rally shows higher price rejection but might shortly give a pullback [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[253,195,252,322,10582],"class_list":["post-33532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-inu","tag-price","tag-shiba","tag-surged","tag-sustain"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/SHIBA-INU.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33532"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33532\/revisions"}],"predecessor-version":[{"id":33534,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33532\/revisions\/33534"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/33533"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33532"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}