Shiba Inu price rejected from upper levels, reversing down after touching Rounding Bottom neckline.
After a 30% fall from the high, #Shiba Inu Coin took support from the trendline and rebounded.
On the daily chart, Shib coin price found support from the 200 Day MA.
If it holds the MA, trendline support, and Rounding Bottom support, the price could potentially see an upside rally.
The $SHIB price experienced high demand pressure at the $0.0000085 mark, coinciding with the 61.8% Fibonacci level.
Bullish breakout from overhead trendline may revive recovery momentum in #ShibaInu.
Retesting the neckline and breaking above it could potentially lead to a retest of the yearly high.
Coingabbar's analysis suggests that Shiba Inu Price Prediction 2030 could reach a minimum of $0.0000900.
Shiba Inu Price Prediction 2040 in could reach a minimum of $1.00.
Shiba Inu #PricePrediction 2050 Could Reach $5.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.00001200-$0.00001600
SUPPORT LEVEL : $0.000006700-$0.000005500
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.
