{"id":12764,"date":"2025-02-12T19:02:17","date_gmt":"2025-02-12T19:02:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12764"},"modified":"2025-02-12T19:02:17","modified_gmt":"2025-02-12T19:02:17","slug":"shiba-inu-shib-rally-incoming-3-reasons-behind-the-bullish-outlook","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12764","title":{"rendered":"Shiba Inu (SHIB) Rally Incoming? 3 Reasons Behind the Bullish Outlook"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">SHIB\u2019s TD Sequential Indicator flashes a buy signal on the weekly chart, suggesting a possible rebound.<\/span><\/li>\n<li>One analyst envisioned a potential for a 2,800% rally should BTC\u2019s dominance head south.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-382984\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB_CB-79-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Price Reversal in the Cards?<\/h2>\n<p><span data-preserver-spaces=\"true\">The second-largest meme coin in <\/span><span data-preserver-spaces=\"true\">terms of<\/span><span data-preserver-spaces=\"true\"> total market capitalization performed <\/span><span data-preserver-spaces=\"true\">quite<\/span><span data-preserver-spaces=\"true\"> well towards the end of 2024. However, it did not start the new year on the right foot, with its valuation gradually declining <\/span><span data-preserver-spaces=\"true\">lately<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-crashes-20-daily-but-this-key-metric-suggests-a-comeback\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">tanked<\/span><\/a><span data-preserver-spaces=\"true\"> to a four-month low during the crypto market crash witnessed on February 3. In the following days, the bulls managed to recover some losses, but SHIB remains deep in the red on a two-week scale.\u00a0<\/span><\/p>\n<figure id=\"attachment_382983\" aria-describedby=\"caption-attachment-382983\" style=\"width: 580px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-382983\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3.png\" alt=\"SHIB Price\" width=\"580\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3.png 851w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3-300x207.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3-768x530.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/SHIB-Price-3-50x34.png 50w\" sizes=\"auto, (max-width: 580px) 100vw, 580px\"><\/a><figcaption id=\"caption-attachment-382983\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Nonetheless, some key factors suggest that the meme coin could <\/span><span data-preserver-spaces=\"true\">soon<\/span><span data-preserver-spaces=\"true\"> restart its bull run.<\/span> <a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1889431215515549972\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to the X user Ali Martinez, SHIB shows signs of a potential rebound as the TD Sequential Indicator \u201cflashes a buy signal on the weekly chart.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The technical analysis tool identifies trend exhaustion points and possible price reversals in financial markets, including the crypto sector.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Next on the list is the Shiba Inu burn rate, which has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/shibburn\/status\/1889585275082281269\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">exploded <\/span><\/a><span data-preserver-spaces=\"true\">by almost 400% in the last 24 hours, resulting in <\/span><span data-preserver-spaces=\"true\">almost<\/span><span data-preserver-spaces=\"true\"> 16.5 million tokens sent to a null address. While the USD equivalent of the stash might be insignificant, persistent efforts in the field could make SHIB more valuable via scarcity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The total amount <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">burned<\/span><\/a><span data-preserver-spaces=\"true\"> from the initial supply since adopting the program is over 410.7 trillion, meaning approximately 584.3 trillion tokens are currently in circulation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Third, we will focus on SHIB\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow,<\/span><span data-preserver-spaces=\"true\"> which, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">according<\/span><\/a><span data-preserver-spaces=\"true\"> to CryptoQuant\u2019s data, has been mostly negative in the last 30 days. <\/span><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> development suggests a possible shift from centralized trading venues toward private wallets and could be considered bullish since it reduces the immediate selling pressure.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Optimistic Prediction<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">One <\/span><span data-preserver-spaces=\"true\">of the people<\/span><span data-preserver-spaces=\"true\"> forecasting that SHIB may indeed see a rapid price increase in the short term is the X user CryptoELITES.<\/span><span data-preserver-spaces=\"true\"> The analyst <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptooELITES\/status\/1889307252877599230\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">outlined<\/span><\/a><span data-preserver-spaces=\"true\"> three sequential targets: $0.000085171, $0.000183312, and $0.000472905. The last one represents a whopping 2,800% increase from the current level.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The market observer believes that SHIB\u2019s uptrend could <\/span><span data-preserver-spaces=\"true\">be triggered<\/span><span data-preserver-spaces=\"true\"> by the possible decrease in BTC\u2019s dominance.\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThe technical outlook is positive. As BTC dominance decreases, SHIB will take the stage,\u201d they assumed.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">It is important to note that BTC\u2019s dominance has been <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/charts\/bitcoin-dominance\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">on the rise<\/span><\/a><span data-preserver-spaces=\"true\"> in the past few years \u2013 from less than 38% in November 2022 to over 60% as of writing these lines.<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-rally-incoming-3-reasons-behind-the-bullish-outlook\/\" rel=\"nofollow\">Shiba Inu (SHIB) Rally Incoming? 3 Reasons Behind the Bullish Outlook<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SHIB\u2019s TD Sequential Indicator flashes a buy signal on the weekly chart, suggesting a possible rebound. One analyst envisioned a potential for a 2,800% rally should BTC\u2019s dominance head south. Price Reversal in the Cards? The second-largest meme coin in terms of total market capitalization performed quite well towards the end of 2024. However, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12764","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12764"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12764\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}