Shiba Inu Burn Rate Soars 2,000% — Will SHIB Price Explode Next?
$ SHIB Eyes 20% Rally, Bitcoin Up 1,724% in Liquidation Imbalance, XRP Close to $3 Breakout:
Shiba Inu (SHIB)to add 20% next week if this Bollinger Bands signal validates.
Bullish weekly close. SHIB ended the week at $0.00001334, breaking above a key support zone and the 20-week moving average for the first time in two months.
SHIB just closed a weekly candle at $0.00001334, positioning itself above a significant support level and setting the stage for a potential 20% surge if the momentum continues.
The price is advancing toward the upper Bollinger Band on the weekly time frame, currently around $0.00001554.
Launchpad zone. The $0.00001200–$0.00001300 range has served as a strong demand zone.
This isn't the first time that SHIB has used this region as a launchpad. The $0.00001200 to $0.00001300 range has acted as a demand zone for months, with multiple successful retests since last year.
The difference now is the candle structure. Last week's nearly 13% gain came from a clean bounce off the lower part of the range. This was followed by a close above the 20-week moving average for the first time in two months.
Technical setup. Bollinger Bands are starting to widen, suggesting rising volatility.
The Bollinger Bands are starting to open slightly, suggesting that volatility may be returning after a long period of sideways movement. If SHIB extends to the top band, which it tends to do once breakouts gain traction, the projected upside would put the token at around $0.00001550. That price is roughly 20% higher than the current price.
