【If the current level is maintained, Shiba Inu may rise by 75%】
Shiba Inu (SHIB) has recently entered a consolidation phase after an 80% price increase, demonstrating strong resilience. If it can break through the key resistance level, it may further drive up the price.
Technical analysis shows that SHIB has strong bullish potential in 2024. The current price is stable at a key Fibonacci retracement level, and if it can successfully break through, it will lay the foundation for challenging higher prices. Recently, the SHIB price quickly rose 80% after rebounding to $0.0000158, followed by a 25% correction, but it still maintains momentum, attracting market attention.
The current SHIB price is $0.0000258, with support at $0.000023 and resistance at $0.000028. If it can break through the key resistance level of $0.000026, the price may challenge $0.000028, and even approach the yearly high of $0.000045, which will solidify its bullish trend.
If the resistance is not broken, the price may consolidate or retreat to the support range. The next few trading days are crucial for SHIB's future trend, as the market will closely observe whether it can maintain momentum and achieve the annual price target. Whether SHIB can reach new heights will be the focus of the market in 2024.