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The Shiba Inu price has pumped 13% in the past 24 hours to trade at $0.00003085 as of 8:15 a.m. EST on a 146% surge in trading volume to $2.04 billion.
Shiba Inu (SHIB) is on the brink of a price resurgence, as important growth indicators are turning positive.
There’s been a surge in large transactions of at least $100,000 from 164 to 418. The increase in these substantial transactions, primarily influenced by Shiba Inu whales, aligns with the coin’s broader efforts towards recovery.
Shiba Inu Price Bulls Gear Up For Another Bullish Push
SHIBUSDT Analysis By Tradingview
The Shiba Inu price still trades within the bullish pennant pattern, following a sharp surge above the prolonged consolidation channel. The pennant indicates a bullish trend continuation for the Pepe price.
However, the Pepe price is currently on an uptrend within the pennant as the price indicates a rebound on the lower trendline of the pennant.
The price has also slightly breached the 50 and 200 simple moving averages (SMAs) as the bulls try to initiate a bull rally.
The relative strength index (RSI) signals a reversal above the 50 midline level, reaching the 70 overbought level. Increased momentum should see the RSI into the overbought level, indicating intense buying pressure.
Shiba Inu Price Bullish Pennant Signals A Bull Rally
The bullish pennant allows the bulls to initiate a bull rally. The price bouncing back from the lower trendline of the pennant has breached the upper trendline as bulls aim for a new record high at $0.00004825.
If the bears take control, the price could dip below the upper trendline, pushing it back towards the lower boundary of the pennant at $0.00002262.
As the SHIB price bulls gear up for another rally, Dogecoin 20 is causing quite a stir among investors as its presale sells out after raising $10 million in what seemed like the blink of an eye.
A Promising 100X Alternative, Buy Now
Investors are being offered a last chance to buy Dogecoin20 after the meme coin’s presale sold out. If you are interested, buy quickly before the token is launched on major exchanges.
https://twitter.com/DOGE_COIN20/status/1772555362840830017?s=20
DOGE20 operates on Ethereum’s Proof of Stake blockchain, offering a more eco-friendly alternative to its predecessor’s legacy Proof of Work system. Additionally, as an ERC-20 token, it gives holders access to native staking.
One of Dogecoin20’s key selling points is its capped supply, which differentiates it significantly from DOGE ‘s unlimited supply of tokens. This fixed supply could propel Dogecoin20’s value to new heights as demand surges, attracting investors eager to capitalize on its growth potential.
https://twitter.com/DOGE_COIN20/status/1772549109175447590?s=20
Unlike Dogecoin itself, DOGE20 also offers a staking option that offers an annual yield of 103%.
Crypto analyst and YouTuber Cilinix Crypto is buzzing with excitement over the Dogecoin20 presale, expecting massive returns when it launches soon.
DOGE20 tokens are priced at just $0.00022. Payment options include ETH, USDT, or bank card.
Buy your DOGE20 tokens here.
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