$SHIB Forecast: Bullish Breakout Possible

Shiba Inu price remains below the resistance at $0.00002341, preventing it from recovering losses and advancing to $0.00003306. This level continues to hold back the upside, postponing the possibility of a significant recovery in the near future.

However, bullish factors suggest that SHIB may break the resistance at $0.00002606. Whale activity and bullish sentiment in the Shiba Inu market may help the price overcome these barriers.

The short-term target for the memcoin is to recover losses and break through $0.00003306. This level is 50% higher than the current price. This will be possible only if $0.00002976 becomes a support level in the coming weeks.

The short-term target for the memcoin is to recover losses and break through $0.00003306. This level is 50% higher than the current price. This will only be possible if $0.00002976 becomes a support level in the coming weeks.

If the resistance at $0.00002341 fails to be broken, SHIB will remain consolidating above $0.00002093. If the price falls below this level, the bullish scenario will be cancelled. This highlights the importance of key support and resistance levels for the price recovery. $BNB $TRX