Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»The catalyst for the 23% Shiba Inu (SHIB) rally?
TRADING NEWS

The catalyst for the 23% Shiba Inu (SHIB) rally?

By Crypto FlexsApril 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The catalyst for the 23% Shiba Inu (SHIB) rally?
Share
Facebook Twitter LinkedIn Pinterest Email

Shiba Inu (SHIB) price was expected to rise 43% before the meme coin fell victim to market weakness.

However, SHIB has support from investors as well as the market to potentially begin a recovery.

Shiba Inu investors prepare for rally

The price of Shiba Inu has influenced investor behavior in the past. Meme coins tend to react positively to their bullish movements, which is expected this time around. According to the Market Realized Value to Value (MVRV) ratio, SHIB is in the opportunity zone.

MVRV ratio monitors investors’ profits and losses. Accumulation may ensue as Shiab Inu’s 30-day MVRV is -9.7%, implying losses. Historically, SHIB has experienced recoveries from MVRV levels of -9% and -19%, marking it as an accumulation opportunity zone.

Shiba Inu MVRV. Source: Santiment

Therefore, if investors buy SHIB at the current price, they could benefit from an eventual rally.

Read More: Dogecoin (DOGE) and Shiba Inu (SHIB): What’s the Difference?

This price increase is likely to occur in response to the broader market strength resulting from the Bitcoin halving event. The halving, scheduled to take place within the next 12 hours, will slash Bitcoin mining rewards by 50%, which has historically sparked rallies.

Given that SHIB and BTC currently share a high correlation of 0.83, meme coins will potentially ride this bullish wave.

Correlation between Shib Inu and Bitcoin.
Correlation between Shib Inu and Bitcoin. Source: IntoTheBlock

As a result, the price of Shiba Inu also increases.

SHIB price prediction: uptrend predicted

Trading at $0.00002311 at the time of this writing, the price of Shiba Inu is on the verge of starting a rally, which is expected to push the meme coin up to $0.00002835. SHIB could rise 23% on bullish broad market signals if it can turn $0.00002584 resistance into support.

This will also allow the meme coin to attempt once again to achieve the 43% rally target of the symmetrical triangle pattern.

SHIB/USDT 1-day chart.
SHIB/USDT 1-day chart. Source: TradingView

Read More: Shiba Inu (SHIB) Price Prediction for 2024/2025/2030

However, if support at $0.00002039 is lost, the price of Shiba Inu could fall significantly. A potential decline would push the meme coin down to $0.00001473, negating its bullish signal.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025
Most Popular

BlackRock: Bitcoin is the ‘golden alternative’ and Ethereum is the ‘tech bet’ – why?

October 7, 2024

Security warning (consensus issue) | Ethereum Foundation Blog

April 30, 2024

Apple’s AI ambitions revealed ahead of iPad event

May 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.