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SHIB Breaks Key Trendline and Could Rally 2X by Mid-December 4m ago by coinedition.com

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Captain Faibik has observed a crucial signal on SHIB, Shiba Inu’s native coin.

SHIB has broken above a significant trendline in a bullish trajectory.

The meme coin could rally 2X by mid-December if a current trendline retest succeeds.

Captain Faibik, a famous Bitcoin and crypto analyst on X, has observed a crucial signal on SHIB, the native coin of the Shiba Inu ecosystem. In a recent post, Faibik used the SHIB/USDT 3-day chart to show that SHIB has broken above a significant trendline in a bullish trajectory.

#SHIBA $SHIB has broken out of a Major Trendline and is currently undergoing a Retest.

If the retest is successful, we might witness a Bullish Rally up to 2x by mid-December. https://t.co/xwmUbRSdVp pic.twitter.com/L9bwnm4TKb

— Captain Faibik (@CryptoFaibik) November 15, 2023

At the time of Faibik’s post, SHIB’s price on the 3-day chart was retesting the upper side of the trendline. According to the analyst, if the retest succeeds and the price stays above the trendline, SHIB could rally to earn a 2X profit by the middle of December.

SHIB’s latest rally started on October 19, following a bounce off a local low established at $0.00000662, …

The post SHIB Breaks Key Trendline and Could Rally 2X by Mid-December appeared first on Coin Edition.