Breaking Coin | Top Analyst Says Get Ready for Shiba Inu Pump as Key Resistance Breaks

Top Analyst Says Get Ready for Shiba Inu Pump as Key Resistance Breaks Click to Buy All Coins with 10% Commission Discount with Credit or Debit Card. Mexc https://bit.ly/40fDloQ , Bitget https://bit.ly/3EvMUo1, Click link https://bit.ly/42ePBHu to read the original text on thecryptobasic.com ( Guides, Crypto News, Exchanges, Trading Bots, Crypto Trading Guide.) ______________ An analyst recently highlighted Shiba Inu breakout above a crucial trendline, signaling a potential price surge for the token. Notably, Shiba Inu (SHIB) reached a multi-month high of $0.000033 in December 2024 but has since fallen to the $0.00002 range. Despite attempts to regain upward momentum, the token has struggled to sustain significant rallies. As of today, SHIB is trading at $0.00002223, showing a slight recovery. While SHIB has performed poorly over the past month, the token has gained 3% in the last 24 hours and 4.40% over the past week. Amid these recovery efforts, an analyst on X has identified a potential bullish signal based on a key trendline breakout. Shiba Inu Ready for Pump after Breaking Downward Trendline SHIB Knight, a pseudonymous analyst on X, highlighted a key technical development in Shiba Inu’s price movement on January 15. According to him, “Shiba Inu is ready to pump.” The analyst’s chart showcases a downward trendline connecting SHIB’s lower highs, which has consistently represented bearish sentiment over recent sessions. Notably, SHIB has broken above this trendline, a move that often signals a shift in market sentiment. Breakouts from such trend lines typically indicate that sellers are losing control while buyers gain momentum. According to the analyst, the Shiba Army should prepare for a pump, as this pattern could start a new upward trajectory for SHIB. Large Holders Exhibit Interest Supporting this potential shift, data from IntoTheBlock reveals increased activity among SHIB’s large holders. Over the past seven days, the net flow of SHIB into large accounts has risen by +1.93%, reflecting renewed accumulation. On a longer time frame, the 30-day net flow has surged by +765.83%, showing substantial accumulation following the December dip. However, the 90-day net flow remains negative at -17.80%, indicating that SHIB has not fully recovered from earlier selling pressure. These mixed signals suggest that while confidence among large holders is growing, long-term caution persists. Derivatives Data Promise Interest Furthermore, derivative activity for SHIB also shows promising signs. A 30.74% increase in trading volume to $187.03 million suggests heightened interest in the token. Further, open interest has risen by 9.90%, reaching $486.69 million, signaling that more traders are positioning themselves for potential price moves. Liquidation data also underscores this momentum, with $405.15K liquidated in the past 24 hours. In the same time frame, $234,220 in short positions were liquidated, suggesting that bearish traders were caught off guard by SHIB’s price action. Meanwhile, $170,920 in liquidated long positions reflects active trading during the upward movement. ______________ #shiba inu, shibaswap, bone token, you can find breaking news, analysis, comments on cryptocurrencies on this channel, please subscribe to not miss the next shiba inu news. #shib burn news today, shiba inu price, shiba stake, #shibarium, shiba inu analysis ______________ ___________ Disclaimer, The information provided on this video does not constitute investment advice, financial advice, trading advice, for informational purposes only, you should not treat any of the video's content as such. Please, consult your financial advisor before making any investment decisions. #breakingcryptonews