{"id":1815,"date":"2024-05-16T16:00:13","date_gmt":"2024-05-16T16:00:13","guid":{"rendered":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/"},"modified":"2024-05-16T16:00:13","modified_gmt":"2024-05-16T16:00:13","slug":"shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy","status":"publish","type":"post","link":"https:\/\/cryptd.in\/et\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/","title":{"rendered":"Shiba Inu hind teeb otsustava sammu: kas n\u00fc\u00fcd on ideaalne aeg osta?"},"content":{"rendered":"<p>The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB\/USD chart reveals a descending trend line where price has been rejected on every single daily close for the past two months.<\/p>\n<p>However, today\u2019s price movements have led to a shift. The descending trend line that previously governed Shiba Inu\u2019s downward trajectory has recently been breached, suggesting a potential reversal or at least a weakening of the bearish pressure. Renowned crypto analyst Cold Blooded Shiller <a href=\"https:\/\/twitter.com\/ColdBloodShill\/status\/1786903991260955055\" target=\"_blank\" rel=\"noopener\">remarked<\/a>, \u201cOne of the commandments of memes is thou shalt always long the meme when the trendline snaps.\u201d<\/p>\n<p>One of the commandments of memes is <\/p>\n<p>thou shalt always long the meme when the trendline snaps <a href=\"https:\/\/t.co\/iPDpuX46ZH\">pic.twitter.com\/iPDpuX46ZH<\/a><\/p>\n<p>\u2014 Cold Blooded Shiller (@ColdBloodShill) <a href=\"https:\/\/twitter.com\/ColdBloodShill\/status\/1786903991260955055?ref_src=twsrc%5Etfw\">4. mai 2024<\/a><\/p>\n\n<p>Prior to the breakout, he noted, \u201cIn 20IQ szn you\u2019re looking for 20IQ entry signals. Breaking the trendline that has been respected on every single daily close for the past 2 months will be one of those. SHIB starting to tick.\u201d<\/p>\n<p>The shift is supported by the positioning of Exponential Moving Averages (EMAs); the 20-day EMA at approximately $0.00002238 and the 50-day EMA at $0.00002131 which were both breached with yesterday\u2019s daily close.<\/p>\n<p>Further down, the 100-day and 200-day EMAs at around $0.00001831 serve as significant support zones, indicating strong buy levels should any major retracement occur. The interaction of price with these EMAs in the coming days will be crucial in determining the sustainability of the current <a href=\"https:\/\/www.newsbtc.com\/shiba-inu\/shiba-inu-0-001-9-25-trillion-shib\/\" target=\"_blank\" rel=\"noopener\">breakout<\/a>.<\/p>\n<p>The application of Fibonacci retracement from the recent peak to the trough are also illustrating a pivotal development for Shiba Inu\u2019s price action. The 0.236 Fibonacci retracement level at $0.00002483, recently surpassed in yesterday\u2019s trading session, now serves as a critical support in the short term.<\/p>\n<p>This level\u2019s importance is accentuated by its role in confirming the legitimacy of the recent breakout from the descending trend line\u2014a breakout that might otherwise be dismissed as a mere technical anomaly or \u2018fakeout.\u2019<\/p>\n<p>Currently, a retest of this $0.00002483 level as support is underway. A closure of today\u2019s daily candle above this mark would solidify the argument for a more sustained upward trajectory in SHIB\u2019s price. Such a close would reinforce investor confidence that the breakout is genuine and that the market sentiment may be shifting more <a href=\"https:\/\/www.newsbtc.com\/shiba-inu\/shiba-inu-volume-flips-dogecoin\/\" target=\"_blank\" rel=\"noopener\">firmly to the bullish side<\/a>.<\/p>\n<p>If SHIB\u2019s price remains steadfast above this newfound support, the immediate subsequent target would be the $0.00002882 level, correlating with the 0.382 Fibonacci retracement. A breach of this resistance would likely set the stage for further gains towards $0.00003205 and $0.00003527, the 0.5 and 0.618 Fibonacci retracement levels, respectively.<\/p>\n<p>Reaching the 0.618 level, often referred to as the \u2018golden ratio,\u2019 could potentially yield a substantial 40% gain from current prices, offering a lucrative scenario for investors closely monitoring these technical cues.<\/p>\n<p>The heightened trading volume (+30% in the last 24 hours) underlines active participation in the market, crucial for supporting the legitimacy of the breakout. Alongside, the Relative Strength Index (RSI) at 55.05 indicates that the asset is neither overbought nor oversold, leaning towards a neutral to slightly bullish position. This provides room for upward movement without immediate concerns of entering overbought territory.<\/p>\n<p>Overall, with the recent breakout above the descending trend line, Shiba Inu\u2019s price <a href=\"https:\/\/www.newsbtc.com\/shiba-inu\/analyst-predicts-shiba-inu-to-soar-50-amidst-meme-coin-market-rise\/\" target=\"_blank\" rel=\"noopener\">action invites a bullish outlook<\/a>, suggesting that the downtrend may be losing its grip. The key for traders will be to watch for a daily close above $0.00002483. A confirmed hold above this level could pave the way for further ascents towards higher Fibonacci levels.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB\/USD chart reveals a descending trend line where price has been rejected on every single daily close for the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/et\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/\" \/>\n<meta property=\"og:locale\" content=\"et_EE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB\/USD chart reveals a descending trend line where price has been rejected on every single daily close for the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptd.in\/et\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"cryptd.in\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T16:00:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?\",\"datePublished\":\"2024-05-16T16:00:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/\"},\"wordCount\":609,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_2063026553-gYfNoQ.jpeg\",\"articleSection\":[\"Feeds\"],\"inLanguage\":\"et\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/\",\"name\":\"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_2063026553-gYfNoQ.jpeg\",\"datePublished\":\"2024-05-16T16:00:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#breadcrumb\"},\"inLanguage\":\"et\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"et\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_2063026553-gYfNoQ.jpeg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/shutterstock_2063026553-gYfNoQ.jpeg\",\"width\":460,\"height\":259},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptd.in\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#website\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"name\":\"cryptd.in\",\"description\":\"Alternative LinkedIn for Crypto-friendly Talents\",\"publisher\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptd.in\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"et\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#organization\",\"name\":\"cryptd.in\",\"url\":\"https:\\\/\\\/cryptd.in\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"et\",\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptd.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cryptdin_logo.jpg\",\"width\":900,\"height\":900,\"caption\":\"cryptd.in\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptd.in\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptd.in\/et\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/","og_locale":"et_EE","og_type":"article","og_title":"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in","og_description":"The Shiba Inu (SHIB) price has exhibited a notable increase, rising by 6.5% in the last 24 hours and 12.5% over the past week, marking a significant shift towards bullish momentum. Technical analysis of the daily SHIB\/USD chart reveals a descending trend line where price has been rejected on every single daily close for the [&hellip;]","og_url":"https:\/\/cryptd.in\/et\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/","og_site_name":"cryptd.in","article_published_time":"2024-05-16T16:00:13+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutit"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#article","isPartOf":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/"},"author":{"name":"","@id":""},"headline":"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?","datePublished":"2024-05-16T16:00:13+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/"},"wordCount":609,"commentCount":0,"publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"image":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_2063026553-gYfNoQ.jpeg","articleSection":["Feeds"],"inLanguage":"et","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/","url":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/","name":"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy? - cryptd.in","isPartOf":{"@id":"https:\/\/cryptd.in\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#primaryimage"},"image":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_2063026553-gYfNoQ.jpeg","datePublished":"2024-05-16T16:00:13+00:00","breadcrumb":{"@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#breadcrumb"},"inLanguage":"et","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/"]}]},{"@type":"ImageObject","inLanguage":"et","@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#primaryimage","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_2063026553-gYfNoQ.jpeg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/shutterstock_2063026553-gYfNoQ.jpeg","width":460,"height":259},{"@type":"BreadcrumbList","@id":"https:\/\/cryptd.in\/shiba-inu-price-makes-decisive-move-is-now-the-ideal-time-to-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptd.in\/"},{"@type":"ListItem","position":2,"name":"Shiba Inu Price Makes Decisive Move: Is Now The Ideal Time To Buy?"}]},{"@type":"WebSite","@id":"https:\/\/cryptd.in\/#website","url":"https:\/\/cryptd.in\/","name":"cryptd.in","description":"Alternatiivne LinkedIn kr\u00fcptos\u00f5bralike talentide jaoks","publisher":{"@id":"https:\/\/cryptd.in\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptd.in\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"et"},{"@type":"Organization","@id":"https:\/\/cryptd.in\/#organization","name":"cryptd.in","url":"https:\/\/cryptd.in\/","logo":{"@type":"ImageObject","inLanguage":"et","@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/","url":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","contentUrl":"https:\/\/cryptd.in\/wp-content\/uploads\/2024\/05\/cryptdin_logo.jpg","width":900,"height":900,"caption":"cryptd.in"},"image":{"@id":"https:\/\/cryptd.in\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/posts\/1815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/comments?post=1815"}],"version-history":[{"count":0,"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/posts\/1815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/media\/1816"}],"wp:attachment":[{"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/media?parent=1815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/categories?post=1815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptd.in\/et\/wp-json\/wp\/v2\/tags?post=1815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}