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😱🚀🚀Shiba Inu (CRYPTO: SHIB) is seeing fundamental developments that could lead to a potential price breakout.
What Happened: Crypto trader Javon Marks predicts that #ShibaInu will reach and exceed the all-time high of $ 0.000088598, which means a price increase of over 282% from current levels. He suggests that the breast coin is currently in an "Decalogue" phase before resuming its upward trajectory.
"This upward trend is so significant that with Shiba Inu making a move of over +810% since mid-2023, a near 4-fold increase that these breakouts, indicators and patterns could prompt could be more than feasible at these prices and could come quickly!" Marx is getting excited.
Lithuania-based CoinGate, a Bitcoin and crypto pay gateway and processor, announced over the weekend that it has added Shiba Inu support for Polygon and the Binance Smart Chain. According to the tweet, #SHIB can be used to book Airbnbs, get the latest games from Steam and ps5, and buy from Nike and Zalando.
Price Action: Over the past 24 hours, SHIB is trading 3.3% higher at $0.00002328. Since June 2023, Shiba Inu has managed to erase one zero from its price.
Why It Matters: The Data Nerd uncovered a whale that deposited 100 billion SHIB worth $24 million on Coinbase. The whale accumulated these tokens within a week with an average entry of $ 0.00002408.
IntoTheBlock data shows a 4.7% increase in daily active addresses to 4,410, while 61% of SHIB owners are making a profit at current price levels.
Javon Marks' analysis shows that the price of Shiba Inu may be on the verge of reaching unprecedented levels, potentially leading to a rapid and significant increase in value. The presence of hidden bullish differences, which occur when the oscillator makes a lower fall while the price makes a higher fall, further strengthens the concept of underlying strength in the uptrend.
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