๐Ÿšจ Inu (SHIB) has been stuck in a trading range ๐Ÿ“Š, leaving investors and traders feeling uneasy ๐Ÿ˜ฌ. $SHIB ๐ŸŒโคด๏ธ๐Ÿช™

The price of SHIB has been hovering around $0.0000134 ๐Ÿ’ธ, with the 200-day and 100-day exponential moving averages (EMAs) coinciding with resistance levels at $0.00001813 and $0.00001597, respectively ๐Ÿ“ˆ.

Traders are being cautious and waiting for a clear directional move ๐Ÿค”, resulting in relatively low trading volume ๐Ÿ“Š. This uncertainty has led to a stalemate, with SHIB unable to break out of its trading range ๐Ÿ”’.

However, analysts predict that SHIB will eventually break out of this range ๐Ÿ”“, targeting a price of $0.000072323 ๐Ÿš€.

They recommend placing buy orders around $0.000018343 to capitalize ๐Ÿ’ธ.

Additionally, the inadvertent burning of 2 billion SHIB tokens ๐Ÿ”ฅ has reduced the circulating supply, which could boost demand and price pressure ๐Ÿ’ช.

This reduction in supply, combined with the predicted breakout, could potentially lead to an increase in SHIB's value ๐Ÿš€.