Lokesh Gupta
29-02-2024
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.
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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