Shiba Inu (SHIB) Price Is Not Done Surging, Suggests Ethereum Pattern
2025-07-20 15:16:56
Main Idea
The article suggests that Shiba Inu (SHIB) may continue its price surge, following a pattern similar to Ethereum's breakout, with potential upward targets if key resistance levels are breached.
Key Points
1. Ethereum (ETH) has broken through its 200-day moving average, and Shiba Inu (SHIB) is approaching its own, indicating potential for a similar rally.
2. SHIB is currently up 9.13%, trading at $0.00001522, with historical patterns suggesting it could follow Ethereum's upward momentum.
3. SHIB's dominance on the Ethereum network is highlighted by its $8.97 billion market cap, acting as a high-beta proxy for ETH's speculative trends.
4. The next key resistance levels for SHIB are around $0.00001698, with a potential path toward $0.0000205 if volume and ETH's strength persist.
5. Historically, when Ethereum makes a decisive move, related assets like SHIB tend to follow suit, suggesting further price increases.
Description
Mega Ethereum breakout hints at what's next for Shiba Inu (SHIB) - spoiler: It's bullish
Latest News
- $100 Million Worth of ETH Shorts Obliterated as Top Altcoin Approaches $4,0002025-07-20 18:39:01
- Cardano (ADA) Price Analysis for July 202025-07-20 16:17:40
- DOGE Price Analysis for July 202025-07-20 16:06:34
- Cardano Founder Hints at Game-Changing Release for ADA This August2025-07-20 15:53:55
- Shiba Inu (SHIB) Price Is Not Done Surging, Suggests Ethereum Pattern2025-07-20 15:16:56