$SHIB Shiba Inu Shows Bullish Signs, Eyeing Potential Growth Ahead
On the daily chart, Shiba Inu is still bullish and is rising in an oval pattern with higher highs. While rallying, the price has consistently found strong support at 0.00002424, which will likely continue and further push the price upwards. Therefore, it seems Shiba Inu may be in the accumulation phase leading to the breakout potential.
The price has kept this support zone as its area of support for a month now, and it is surely a reason for mentor price building. Specifically, these periods tend to be followed by larger price movements as the market anticipates where the market is moving next. The trend of increase indicates that it wouldn't be too late to watch for a bigger upward surge for Shiba Inu. On technical analysis, there is potential for the price to rise in the next two months, with targets at March 2024 highs. These patterns are the indicator that Shiba Inu is to break above its current range and become a talk of the market. Being supported by stronger hands and bulls, the coin is ready for potential growth.
Stay Bullish 🔥
