Lokesh Gupta
02-03-2024
#Shiba Inu coin exhibited sustained movement last week, rebounding from a local support level of $0.00000930.
Analyzing higher time frame charts reveals a break of the resistance trendline of a falling wedge pattern active for the past 20 months.
SHIB's price surged 120% in a week to $0.000020, echoing Bitcoin’s climb to $64,000 in a pre-halving rally.
This marks the eighth consecutive day of upward movement after $SHIB bounced significantly from lower support at the 50 DMA ($0.00000990) on February 24.
Sustaining $SHIB's price above $0.00002000 could spur a recovery in bullish momentum, potentially challenging resistance at $0.00003000 and opening the path for a test of the upper level at $0.00004000.
Failure to maintain above $0.00002000 might drive SHIB down to the $0.00001500 support level; without a momentum recovery, it could decline further to $0.00001200.
According To Coingabbar's analysis, #Shiba Inu Price Prediction 2030 could potentially reach $0.0001000.
Shiba Inu Price Prediction 2040 could be nearing $1.00. And ShibaInu #PricePrediction 2050 anticipates reaching $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.00003000-$0.00004000
SUPPORT LEVEL : $0.000015000-$0.000010000
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.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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