The SHIB chart suggests a very specific and clear target for Shiba Inu Coin (SHIB), to be hit by the first week of November 2024.
As discussed in our Shiba Inu Coin price prediction research, there are a few important things coming up for SHIB:
- Expect a sudden volatility spike to occur in late Oct – early Nov 2024.
- The first next important points on Shiba Inu Coin’s timeline: October 20th – 28th, 2024.
- SHIB predicted ‘buy the dip‘ area: $.0000144.
- Ultimately, a price drop will be a good thing, as price drops have the potential to create bullish reversals. First lower, then higher, is what will help to achieve our ultra bullish 2025 crypto forecasts.
With this in mind, let’s review the SHIB chart and discuss crypto market momentum.
Buy the SHIB dip – the next (and last?) opportunity
The chart suggests that a buy the dip opportunity is underway.
- The SHIB ‘pump’ in September hit resistance, as seen below.
- The October ‘pump’ set a lower high, hitting the same resistance.
- The classic market dynamic should apply – from resistance to support and back.
Moreover, it might be the last ‘buy the dip opportunity’.
Why?
Because the SHIB chart pattern is starting to look really solid. It’s a bullish reversal, and it’s starting to become a very powerful bullish reversal.
The pattern on this chart suggests that SHIB may not trade for a long time below its current level.
SHIB buy the dip opportunity – exact price points
According to our predictive research, as said above, the most obvious price target of the next ‘dip’ is $.0000144.
Will SHIB fall for sure to $.0000144? Most likely, yes, even though nothing is for granted in financial markets.
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This is what a sell-off might look like:
- A 3-day price drop.
- The worst day of the 3 will bring SHIB to $.0000144.
- In case selling becomes very intense, SHIB might drop to its support level which is $.0000133.
Our own assessment is that $.0000144 is a high probability price target for the first part of November 2024.
SHIB lack of momentum vs. crypto momentum
One thing became pretty clear in October 2024 – the lack of momentum.
Compared to September or even March, when bullish momentum picked up softly (Sept) or strongly (March), it is clear that October has no momentum whatsoever.
Is October a lost month?
Not really, because October is helping building a base.
This applies particularly to a token like SHIB, which experiences a continuous improvement of its chart.
The SHIB price chart really needed a break, and October is helping a lot in establishing a solid base.
Moreover, a meme coin like SHIB can impossibly create momentum when BTC has no momentum, noted not only by ourselves but even financial media. That’s not consistent with market dynamics.
SHIB investors should be patient, and the SHIB chart suggests that patience will be rewarded.
