Comment
Author: Admin | 2025-04-27
Price has found a strong support at the 50-day moving average. It has failed to move below that moving average since September this year. The token has also found support at the Ichimoku cloud indicator, a sign that it is still in an uptrend.On top of this, Shiba Inu price has formed a cup and handle pattern whose upper side is at $0.00002941. A C&H pattern is characterized by a rounded bottom that comes after an asset hits a crucial resistance. The ongoing consolidation and pullback is part of the formation of the handle section. Therefore, the coin will likely bounce back in the next few days. If this happens, the initial target will be at $0.00002941, the upper side of the C&H pattern. We can estimate that the Shiba Inu price will jump to $0.0000477 by measuring the cup’s depth and then taking the same measurement from its upper side. Shiba Inu PriceThe bullish view will become invalid if the coin falls below the support at $0.00002275, its lowest swing on November 15. Frequently Asked Questions (FAQs) Shiba Inu price is falling because of the ongoing weakness in the crypto industry, with most altcoins being in the red. A bullish case can be made because it has found support at the 50-day moving average and above the Ichimoku cloud. Shiba Inu price’s first target is at $0.00002941, the upper side of the cup. After that, the coin may rise to $0.0000477 in the near term. --> Dogecoin Whales Offload 312M DOGE Amid Market Turmoil, What Lies Ahead? Binance Founder Changpeng Zhao Hints At BTC Rally To $1M Despite Recent Crash XRP News: Ripple Whales Dump 370M Coins; What’s Happening? Will Bitcoin ETF Outflows Trigger Further Crypto Market Crash? PayPal PYUSD Stablecoin Plans to Take On Tether (USDT) Dominance in
Add Comment