The Shiba Inu price has surged 11% in 7 days, trading at $0.000008555 as of 9:00 a.m. EST.
The technical analysis says SHIB has already bottomed and is now looking to form a break-out trendline
$SHIB is already bottomed out & Major Trendline Breakout Confirmed.. ✅
— Captain Faibik (@CryptoFaibik) November 9, 2023
Shiba Inu Price Prediction
Looking at 4-hour SHIB/USD charts, the Relative Strength Indicator (RSI) is moving upwards, having crossed the mid-line as it approaches the overbought region. This signifies a continuous bullish short-term for the Shiba Inu price. The MACD is also moving in the green zone, backing the bullish prospects.
The 5-day moving average has exceeded the 15-day moving average to form a golden cross. However, despite indicators pointing toward a bullish short term, the Shiba Inu price could face minor corrections in the short term due to looming selling pressure. This is because holders might look to capitalize on profits as the meme coin could soon be overbought.
The Shiba Inu price is volatile as the Bollinger bands diverge. These levels are likely to remain high as the trading volume increases, having recorded a 41% increase in 24 hours.
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TG Casino incorporates an advanced buyback mechanism, enabling the platform to repurchase TGC tokens from the market using a fixed percentage of its earnings. Of the repurchased tokens, 60% is staked for rewards, while the remaining 40% is retired.
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With a successful pre-sale that has already raised $1.8 million and an ambitious target of reaching $2.5 million, the window of opportunity to become a part of TG Casino is closing rapidly. As you watch out for the Shiba Inu price, don’t miss your chance to join this exciting venture in crypto casinos.
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