Shiba Inu Price Prediction: Is This the Start of Bull Run

29-02-2024 By: Lokesh Gupta
Shiba Inu Price Prediction: Is This the Start of Bull Run

Shiba Inu Price Prediction 2025 will be approx in $0.000040

  • Recent study of higher time frame charts shows a break of the resistance trendline of a falling wedge pattern that has been active for the previous 20 months.

  • The Supertrend indicator on the 4-hour chart gives a buy signal around $0.000010.

  • $SHIB broke from a prolonged consolidation period, with bulls seizing on the $0.00000950 support and driving the price to approximately $0.000011.

  • Despite encountering slight resistance around $0.00001150, upward momentum persisted as SHIB cleared the barrier.

  • $Shiba Inu coin experienced sustained movement last week, bouncing from a local support level of $0.00000930.

  • Maintaining SHIB's price above $0.00001575 may see bulls recover momentum and challenge resistance at $0.00001800, perhaps paving the way for a test of the upper level at $0.00003000.

  • Bearish pressure might drive $SHIB down to $0.00001012 support; without momentum recovery, it could plummet to $0.00000920.

  • Coingabbar's analysis suggests that the #Shiba Inu Price Prediction 2030 could stand at $0.0000900.

  • Shiba Inu Price Prediction 2040 might be approaching $1.00 and #ShibaInu #PricePrediction 2050 Will Reach $5.00.

KEY LEVELS :

RESISTANCE LEVEL : $0.00001800-$0.00002500

SUPPORT LEVEL : $0.000010000-$0.000008200

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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