#Bitcoin has surged past $70,000, with Shiba Inu ($SHIB) coin following suit in its ascent.
SHIB's price soared this month, hitting a peak of $0.00004567 before retracting, resulting in a monthly return of 137%, with the current price resting at $0.00002950.
$SHIB has been stuck in a symmetrical triangle on the 4-hour chart since its decline from the March 5 peak of $0.000045.
SHIB struggled to break the upper trendline resistance, facing strong bearish opposition and retracing to $0.00002380 on March 16.
On March 23, #ShibaInu broke out of a symmetrical triangle, suggesting upward momentum towards exceeding $0.00003080 levels.
Breaking above the 50% Fibonacci level at $0.00003700, with a strong close, indicates a promising entry opportunity.
Sustaining these levels by the bulls increases the likelihood of SHIB's price reaching the resistance zone between $0.00003500 and $0.00003600.
Bullish sentiment in #Shiba Inu is evident through a rounding bottom reversal pattern, indicating a desire to surpass its previous all-time high.
According To Coingabbar's analysis, #Shiba Inu Price Prediction 2030 hints at a potential rise to $0.0001000, Shiba Inu Price Prediction 2040 indicate a possible ascent to nearly $1.00 and ShibaInu #PricePrediction 2050 is set at $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.00003500-$0.00004500
SUPPORT LEVEL : $0.000024000-$0.000015000
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.
