Golden Cross Formed, Shiba Inu (SHIB) Price Ready to Breakout to 0.34 IDR?

Jakarta, Pintu News – The crypto market has recently witnessed a significant resurgence, with Shiba Inu (SHIB) taking center stage. After experiencing a bearish period, the coin shows strong indications of a substantial price surge. Recent analysis suggests that Shiba Inu may break the $0.00002 mark in the near future.

Check out the full news below!

Shiba Inu Price Recovery

Recent market data shows that Shiba Inu’s (SHIB) price is starting to leave the previous consolidation trend. This coin is currently priced at $0.00001249, up 2.14% in the last 24 hours. SHIB recovered after trading at a low of $0.00001205 and reached a daily peak at $0.00001265 before stabilizing at current levels.

This increase coincided with a 1000% spike in the SHIB burn rate, signaling a possible resurgence of this coin. The golden cross pattern on the 4-hour chart of SHIB/USDT has been confirmed, signaling a potential price increase.

This pattern forms when the short-term Moving Average crosses above the long-term Moving Average. Although this pattern has formed on the 4-hour chart, it has not yet formed on the daily chart.

However, with the momentum in place, a confirmed breakout is highly likely. SHIB has now surpassed Hedera and become the 17th largest cryptocurrency.

Also read: 3 Crypto to Buy in the 2nd Week of April 2025

Shibarium as a Catalyst

Several factors in the ecosystem can increase the price of Shiba Inu in the long run. One such factor is Shibarium and its associated Layer-2 scalability solution. As previously reported by CoinGape, Shibarium is close to reaching the 200 million address milestone.

If the network reaches that milestone, it will indicate growing adoption, which could increase its token valuation. Shibarium has also reached the 1 billion total transaction milestone. If the Shiba Inu network continues to register organic growth, its chances of outperforming Dogecoin (DOGE) will become higher.

With ongoing support, it remains a question of how high Shiba Inu can surge. Based on its historical trend, SHIB could potentially retest its ATH at $0.00008844, which would require a growth of 710% from current levels.

Also read: WLFI’s USD1 Stablecoin Hits $44 Million in Trading Volume Before Official Launch!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Shiba Inu Price on the Verge of Breaking $0.00002 as Gold Cross Emerge. Accessed on April 14, 2025
• Featured Image: Coinpedia