{"id":1510,"date":"2024-05-14T20:00:27","date_gmt":"2024-05-14T20:00:27","guid":{"rendered":"https:\/\/cryptd.in\/shiba-inu-volume-flips-dogecoin-will-shib-price-flip-doge-if-this-analysts-prediction-comes-true\/"},"modified":"2024-05-14T20:57:00","modified_gmt":"2024-05-14T20:57:00","slug":"shiba-inu-volume-flips-dogecoin-will-shib-price-flip-doge-if-this-analysts-prediction-comes-true","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/shiba-inu-volume-flips-dogecoin-will-shib-price-flip-doge-if-this-analysts-prediction-comes-true\/","title":{"rendered":"Shiba Inu Volume Flips Dogecoin, Will SHIB Price Flip DOGE If This Analyst\u2019s Prediction Comes True?"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. Shiba Inu has particularly done well and witnessed a strong volume of interest amidst this uptick. Interestingly, this uptick in volume for SHIB has surpassed DOGE, with on-chain data <a href=\"https:\/\/bitcoinist.com\/3000-surge-for-shiba-inu\/\">suggesting SHIB could do better<\/a> in the short term. At the same time, crypto analyst Ali Martinez has revealed a phenomenon that could lead to a 20% upswing for SHIB.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Shiba Inu Volume Flips Dogecoin<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\">Data from Coinmarketcap<\/a> shows that Shiba Inu has witnessed a trading volume increase of 320% in the past 24 hours. The metric, on Dogecoin\u2019s side, was an increase of 160%. The crypto, which has been trading inside a descending channel for a while, is now appearing to make a push above.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gerelateerd lezen: <a href=\"https:\/\/www.newsbtc.com\/news\/solana\/solana-1100-move-headed-next\/\">Analyst Who Predicted Solana\u2019s 1,100% Move Reveals Where The Altcoin Is Headed Next<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although current data from analytics platform IntoTheBlock (ITB) suggests <a href=\"https:\/\/app.intotheblock.com\/coin\/DOGE\/deep-dive?group=ownership&amp;chart=timeHeld\">DOGE <\/a>is still holding on for a longer-term overperformance over <a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\/deep-dive?group=ownership&amp;chart=timeHeld\">SHIB<\/a>, SHIB is starting to position itself to outperform DOGE in the short term on a cost basis. According to ITB\u2019s holding by time metric, DOGE has seen a 1.86% increase in the number of holders in the past 30 days, compared to a 0.43% increase for SHIB. ITB terms holders as passive investors that have held the asset for more than one year.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the number of cruisers (investors holding between 1 to 12 months) flips the short-term interest in the favor of SHIB. As of this writing, SHIB\u2019s cruisers have increased by +5.69% in a 30-day timeframe. The metric, on DOGE\u2019s side, shows a 2.44% decrease.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SHIB To Breakout Of Parallel Channel<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The recent increase in volume and short-term activity suggests that <a href=\"https:\/\/www.newsbtc.com\/shiba-inu\/350-surge-for-shiba-inu\/\">SHIB is ready to break out<\/a> of a descending parallel channel of lower highs. As pointed out on social media by crypto analyst Ali Martinez, SHIB has been trading in a descending parallel channel since the last week of April. Current price action shows SHIB is now at the upper end of the descending and is at a critical junction for a breakout or reversal.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gerelateerd lezen: <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/level-to-beat-bitcoin-76000\/\">Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the analyst, a breakout from this channel at $0.00002444 could lead to another 20% upswing to $0.00002954. The price target serves as the highest point of the descending channel under consideration. A further surge could see SHIB returning back to the $0.00003 price territory.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If <a href=\"https:\/\/twitter.com\/hashtag\/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw\">#ShibaInu<\/a> breaks the upper boundary of this descending parallel channel at $0.00002444, <a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SHIB<\/a> could witness a 20% upswing to $0.00002954! <a href=\"https:\/\/t.co\/z5qBKiiyNy\">pic.twitter.com\/z5qBKiiyNy<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1790023610159001968?ref_src=twsrc%5Etfw\">May 13, 2024<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the time of writing, SHIB is trading at $0.0000236. Failure to break above $0.00002444 could send the cryptocurrency back down as far as $0.0000211.<\/p>","protected":false},"excerpt":{"rendered":"<p>Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. Shiba Inu has particularly done well and witnessed a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[22,21,20],"class_list":["post-1510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-cryptopredictions","tag-dogecoin","tag-shibainu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shiba Inu Volume Flips Dogecoin, Will SHIB Price Flip DOGE If This Analyst\u2019s Prediction Comes True? - 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\/nl\/shiba-inu-volume-flips-dogecoin-will-shib-price-flip-doge-if-this-analysts-prediction-comes-true\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shiba Inu Volume Flips Dogecoin, Will SHIB Price Flip DOGE If This Analyst\u2019s Prediction Comes True? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu is up by 7% in the past 24 hours amidst an uptick in the meme coin market, coming ahead of Dogecoin at this time. The meme coin niche has witnessed a strong resurgence in the past day, with the entire niche up by 7.82%. 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