{"id":412922,"date":"2024-08-09T08:30:09","date_gmt":"2024-08-09T03:00:09","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=412922"},"modified":"2024-08-09T02:41:48","modified_gmt":"2024-08-08T21:11:48","slug":"shiba-inu-how-the-next-few-weeks-can-help-shib-gain-354","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shiba-inu-how-the-next-few-weeks-can-help-shib-gain-354\/","title":{"rendered":"Shiba Inu: How the next few weeks can help SHIB gain 354%"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Shiba Inu showed potential for a significant price recovery with bullish indicators despite recent declines.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Increased burn rate and exchange net flow suggested growing buying pressure for Shiba Inu.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/shiba-inu-news\/\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\"> marked its fourth anniversary this month, having been launched on the 1st of August 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Created as an experiment in decentralized community building, inspired by <a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a>, SHIB quickly gained massive attention and experienced significant price surges in 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite facing market volatility and a notable decline in subsequent years, the token has maintained a strong presence with a dedicated community and ongoing developments in its ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of the time of writing, Shiba Inu was trading at <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\"><span style=\"font-weight: 400;\">$0.00001339<\/span><\/a><span style=\"font-weight: 400;\"> with a 24-hour trading volume of $316,580,978. The token has experienced a -3.00% price decline in the last 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its press time market cap was $7,890,783,531 with a circulating supply of 590 trillion SHIB.<\/span><\/p>\n<h2><b>Technical indicators and market sentiment<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The recent price action saw SHIB testing the lower Bollinger Band, which suggested potential support and a reversal. However, it remained below the middle band at press time, indicating continued bearish sentiment.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, the Relative Strength Index (RSI) was at 30.95, suggesting that the asset is nearing oversold territory. This could imply a potential buying opportunity if the RSI starts to rise, indicating a shift in momentum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The RSI, however, has not yet broken above the 50 level, which would confirm a bullish reversal.<\/span><\/p>\n<figure id=\"attachment_412925\" aria-describedby=\"caption-attachment-412925\" style=\"width: 721px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-TradingView.png\"><img decoding=\"async\" class=\"wp-image-412925 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-TradingView.png\" alt=\"\" width=\"721\" height=\"537\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-TradingView.png 721w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-TradingView-300x223.png 300w\" sizes=\"(max-width: 721px) 100vw, 721px\" \/><\/a><figcaption id=\"caption-attachment-412925\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) histogram showed a slight decrease in bearish momentum, with the MACD line beginning to converge towards the signal line. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This could be an early sign of a potential bullish crossover, although confirmation is still needed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The overall trend will remain bearish until more decisive bullish indicators emerge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, Javon Marks, a crypto analyst, <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/1821322128878129301\"><span style=\"font-weight: 400;\">noted <\/span><\/a><span style=\"font-weight: 400;\">that SHIB maintains a bullish structure with a target of $0.000081.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He stated,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cIn a few recent closes, SHIB has confirmed a macro Hidden Bullish Divergence with its RSI, indicating a potential full recovery and continuation.\u201d\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">He <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/1817268093095411777\"><span style=\"font-weight: 400;\">highlighted <\/span><\/a><span style=\"font-weight: 400;\">that prices of Shiba Inu could recover by 162% from its current levels to reach $0.0000456 and potentially achieve an additional 75% upside to the $0.000081 target, totaling a 354% rise.<\/span><\/p>\n<figure id=\"attachment_412924\" aria-describedby=\"caption-attachment-412924\" style=\"width: 680px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-X.jpeg\"><img decoding=\"async\" class=\"wp-image-412924 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-X.jpeg\" alt=\"\" width=\"680\" height=\"414\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-X.jpeg 680w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/SHIB-X-300x183.jpeg 300w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/a><figcaption id=\"caption-attachment-412924\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2><b>SHIB&#8217;s increased burn rate<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recent data from AMBCrypto <\/span><a href=\"https:\/\/ambcrypto.com\/will-shiba-inu-breakout-in-august-keep-an-eye-out-for-this-level\/\"><span style=\"font-weight: 400;\">highlighted <\/span><\/a><span style=\"font-weight: 400;\">a 17% increase in Shiba Inu\u2019s burn rate over the last 24 hours. This reduction in supply could potentially lead to a short-term increase in SHIB\u2019s price.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/shiba-inu-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Shiba Inu\u2019s [SHIB] Price Prediction<\/a>\u00a02024-25<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Additionally, there has been a notable increase in SHIB&#8217;s net flow on exchanges, suggesting increased buying pressure, which may drive the price higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the recent bearish trend, the Shiba Inu community remains optimistic about the token&#8217;s future prospects.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is Shiba Inu set for a 354% price surge? Bullish signals point to a massive recovery!<\/p>\n","protected":false},"author":95,"featured_media":412936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,6388,4,20],"tags":[6427,6428],"class_list":["post-412922","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-shiba-inu-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shiba Inu (SHIB) Primed for Massive 354% Surge?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) shows bullish potential despite recent declines, backed by increased burn rate and positive technical indicators.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/shiba-inu-how-the-next-few-weeks-can-help-shib-gain-354\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu: How the next few weeks can help SHIB gain 354% - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Is Shiba Inu set for a 354% price surge? 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