Renowned trader Captain Faibik says the silly Shiba Inu (SHIB) meme currency is ready for another big surge.
https://x.com/CryptoFaibik/status/1774326259050279391?s=20
Captain Faibik (@CryptoFaibik) expressed his belief that it might see enormous profits in a recent article.
His chart seems to exhibit rising triangle pattern features. This well-known pattern’s creation of higher lows makes it bullish.
As of this writing, SHIB is up 1.3% in the last 24 hours to trade at $0.0000305. By market capitalization, it is now ranked 13th, while its archive Dogecoin is ranked 9th.
The value of the cryptocurrency is $17.9 billion. The trading volume over a 24-hour period is $651 million.
The majority of addresses presently hold the top meme coins, which range in price from $0.000026 to $0.000035, according to statistics from IntoTheBlock. Remarkably, at the moment, 44.83% of these locations are profitable.
5.6 trillion SHIB tokens were transacted in a significant volume throughout the course of the previous day.
It is important to remember that SHIB has still dropped by more than 64% from its peak.
