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.
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, …
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