#Shiba Inu formed a high on March 5th and has since undergone a correction trend for the past two weeks.
During this correction, the price dropped from $0.000045 to $0.0000236, marking a 48% loss.
However, SHIB found support near the 61.80% Fibonacci retracement level and $0.0002300, resulting in a rebound.
The rebound suggests that bullish momentum may be returning, potentially leading to a significant upswing.
SHIB's price is currently consolidating within a descending trendline on the daily chart.
Closer examination reveals trading near the upper trendline of an ascending channel.
In the last two days, SHIB has struggled to breach the 50% Fibonacci retracement level but is attempting to do so again today.
If sellers break the immediate floor at 61.8% Fibonacci at $0.00002323, the price of SHIB may drop to $0.00001700.
Conversely, if buyers break the immediate resistance at 50% Fibonacci at $0.00002750, SHIB's price may surge towards $0.00003180.
According To Coingabbar's analysis, #Shiba Inu Price Prediction 2030 it is estimated to potentially reach $0.0001000, Shiba Inu Price Prediction 2040 suggests it could reach close to $1.00 and ShibaInu #PricePrediction 2050 sets a target of $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.00003000-$0.00004500
SUPPORT LEVEL : $0.000023000-$0.000017000
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