Shiba Inu Prediction: Who Takes Helm at the Decisional Point

Shiba Inu Prediction 2025 forecasted around $0.00010

• #Shiba Inu surged initially, reaching a peak of $0.00002632, but subsequently experienced a sharp decline.

• On the 4-hour chart, Shiba Inu failed to break out of the falling channel and retreated.

• Analysis reveals SHIB's inability to breach the 50% Fibonacci Level and the 50-day Moving Average, leading to a retreat.

• Amidst a rebound in price, Shiba Inu wallets sold 211 billion SHIB, triggering bearish sentiments about its future trajectory.

• Notably, the sell-wall coincided with the neckline of a double-bottom pattern.

• Bullish momentum hinges on overcoming this double roadblock and flipping the market structure to bullish by reclaiming levels above $0.0000270.

• According To Coingabbar's analysis, Conversely, a strong rejection at the double roadblock could prompt sellers to drive SHIB down to $0.0000200 once more.

KEY LEVELS :

RESISTANCE LEVEL : $0.00002650-$0.00003000

SUPPORT LEVEL : $0.000020000-$0.000017000

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.