Lokesh Gupta
20-03-2024
Bitcoin's decline is adversely affecting #Shiba Inu, which has dropped for the second consecutive week.
#Shiba Inu experienced a downturn after failing to sustain its upward momentum around $0.00003.
$SHIB is currently striving to maintain support at the 78.60% retracement level, hinting at a possible rebound soon.
Immediate support for $SHIB stands at $0.000025, though concerns arise regarding its ability to uphold this level.
A breach below $0.000025 might prompt SHIB to test the subsequent significant support at $0.000017.
Conversely, resistance is evident around the $0.000029 threshold, where SHIB has recently encountered selling pressure.
According To Coingabbar's analysis, #Shiba Inu Price Prediction 2030 suggests a possible attainment of $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 : $0.000019000-$0.000011000
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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