Lokesh Gupta
29-01-2024
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
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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.
5 months ago
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