Comment
Author: Admin | 2025-04-28
Its highest level in January? Technicals are sending mixed signals about this. On the positive side, there are signs that the SHIB price has remained above the 200-day moving average, which has offered an important support. Shiba Inu has also remained above the rising trendline that links the lowest points since September last year. Additionally, the MVRV indicator, which compares the market value and relative value is at 2.7, a sign that SHIB is a cheap coin. It also formed a cup and handle-like pattern.These indicators mean that the coin has found a strong support and that it may rebound in the coming weeks. A strong rebound could see it rise and retest its December highs. However, there is also a risk that the SHIB coin has formed a bearish pennant pattern, which may lead to a bullish breakout. Shiba Inu Price ChartShiba Inu Coin Price TargetsA bullish move will see Shiba Inu coin rise and retest the resistance at $0.00003270, which is about 45% above the current level. A drop below the support at $0.00001857, its lowest point on December 20 will invalidate the bullish SHIB forecast and point to a drop to the ultimate support at $0.00001192. Frequently Asked Questions (FAQs) Yes, Shiba Inu has many bullish catalysts that could see it soar to the December highs. Its open interest is rising and has found support at the 200-day moving average. SHIB coin price is rising in sync with the ongoing crypto prices comeback. Most coins have risen
Add Comment