🚨🚨Expectations that this digital currency will reach a record level 🔥
•The Shiba Inu coin witnessed a slight decline, reaching its price to $0.000030, and its trading volume within 24 hours reached $1,543,917,018, declining by approximately 3.5%, while the currency ranks 11th with a strong market value of $17,789,281,901.
•In light of this volatility; Expectations for SHIB to reach $1 are increasing with emphasis on its supply of 589 trillion coins, and we will now move on to the Shiba Inu price forecast, taking market movement and investor sentiment into account, to test the possibility of achieving this achievement.
•The pivot point (dividing point between two price scenarios) for the Shiba Inu price is at $0.000029, which serves as a basis for a potential upward movement, while the next resistances are located at $0.000032, $0.000035, and $0.000038.
•On the other hand, the support levels are located at $0.000026, $0.000024, and $0.000020 and serve as a safety net preventing further decline.
•As for technical indicators, the value of the Relative Strength Index (RSI) is 58, which suggests a suitable buying climate that could support SHIB’s rise.
•Shiba Inu price forecast: The Exponential Moving Average (EMA) for 50 days stands at the level of $0.000029, confirming the tendency towards the rise if it remains above it; We note the double top pattern at the $0.000031 level, which represents a resistance that can stop the price’s rise if it fails to overcome it firmly enough. The bottom line is that the Shiba Inu has the potential to rise if it remains above the $0.000029 level. Traders must also be careful, as a decline is possible below this level. The level could lead to a major selling wave that affects the price.
