The struggle of Bitcoin to surpass the $38,000 resistance level has affected the altcoin market, including Shiba Inu (SHIB). SHIB, a popular meme coin that was launched in August 2020 and quickly skyrocketed by an unbelievable 10 million percent, creating dozens of new millionaires, recently formed a local peak at $0.00000965 and is currently consolidating within two converging trend lines since last week. This formation indicates a potential breakout of the $0.00001 barrier for SHIB, potentially helping it reach new highs.

比特幣試圖突破 38,000 美元阻力位的努力影響了包括 Shiba Inu (SHIB) 在內的山寨幣市場。 SHIB 是一種流行的模因代幣，於2020 年8 月推出，迅速飆升了令人難以置信的1000 萬%，創造了數十位新的百萬富翁，最近在0.00000965 美元處形成了局部峰值，目前自上週以來正在兩條聚合趨勢線內盤整。這一形態表明 SHIB 有可能突破 0.00001 美元的關口，有可能幫助其觸及新高。

Shiba Inu Price Analysis

柴犬價格分析

In the past 30 days, the price of Shiba Inu has experienced significant growth, rising from $0.00000612 to the current trading price of $0.00000863, representing a 30% increase. However, this upward trend encountered resistance around the $0.00000965 level, coinciding with a period of increased uncertainty in the market.

在過去的30天裡，柴犬的價格經歷了顯著的增長，從0.00000612美元上漲到目前的交易價格0.00000863美元，漲幅達30%。然而，這一上升趨勢在 0.00000965 美元水平附近遇到阻力，恰逢市場不確定性增加的時期。

This led to a temporary pullback, reaching a level of $0.000008, which corresponds to the 50% Fibonacci retracement level. In the context of a long-term bull run, this pullback is generally seen as a healthy correction.

這導致暫時回調，達到 0.000008 美元的水平，相當於 50% 斐波那契回撤水平。在長期多頭的背景下，這種回檔通常被視為一次健康的修正。

When examining the 4-hour timeframe chart, it can be observed that this consolidation phase has formed a continuation pattern known as a “flag.” Typically, this formation involves a brief period of horizontal movement before a definitive upward breakout. If SHIB breaks above the upper trend line of this flag formation, it could potentially target $0.0000150 as the initial price objective, representing an 18% potential gain.

在檢查 4 小時時間框架圖時，可以觀察到該盤整階段已經形成了一種稱為「旗形」的持續模式。通常，這種形態在最終向上突破之前會經歷一段短暫的水平運動。如果 SHIB 突破該旗形形成的上部趨勢線，則其可能將 0.0000150 美元作為初始價格目標，即 18% 的潛在收益。

Comparison of SHIB and DOGE Performance

SHIB和DOGE性能比較

When comparing the price behavior of SHIB with its main competitor, Dogecoin (DOGE), over the past three months, it can be seen that DOGE has shown stronger momentum, consistently forming new highs and lows. On the other hand, SHIB is struggling to surpass the $0.00000969 level. Considering the prevailing bullish trend in the market, Dogecoin may offer more favorable opportunities for long positions.

將 SHIB 與其主要競爭對手狗狗幣（DOGE）過去三個月的價格行為進行比較，可以看出 DOGE 表現出更強的勢頭，不斷形成新高和新低。另一方面，SHIB 正在努力突破 0.00000969 美元的水平。考慮到市場普遍看漲的趨勢，狗狗幣可能會為多頭部位提供更有利的機會。

Meanwhile, SHIB is forming declining lows on the daily timeframe’s Relative Strength Index (RSI), indicating selling pressure. However, the ongoing upward trend in SHIB’s price suggests a higher probability of further upward movement. The converging Bollinger Bands (BB) along with RSI indicate that the market is currently in a typical correction phase before a potential breakout or continuation of the trend.

同時，SHIB 日線相對強度指數 (RSI) 正在形成不斷下降的低點，顯示拋售壓力。然而，SHIB 價格持續上漲的趨勢表明進一步上漲的可能性更大。布林通道 (BB) 與 RSI 的收斂表明，市場目前處於潛在突破或趨勢延續之前的典型修正階段。

繼續閱讀：https://en.coin-turk.com/shiba-inu-price-analysis-can-shib-break-the-0-00001-barrier/