🔥🔥🔥 #Shibalnu ($SHIB ) Set for Bullish Breakout: Experts Predict Potential 6X Growth Amid Market Optimism
Shiba Inu (SHIB) Poised for Major Breakout
Bullish Sentiments & Key Resistance:
- Analysts, including Ronimus Prime, are optimistic about Shiba Inu (SHIB) potentially breaking through key resistance levels, particularly the 50 Moving Average (MA). SHIB is consolidating near critical support, with a potential surge if it surpasses these barriers.
Technical Indicators & Market Timing:
- Ronimus Prime emphasizes the importance of the 50 MA on weekly and 4-hour charts. The upcoming FOMC meeting in September could be a catalyst for SHIB’s movement, with Fibonacci retracement levels indicating a pivotal moment.
Short-Term Targets & Patterns:
- Prime targets $0.00001600 for SHIB, contingent on favorable Federal Reserve actions. Analyst Javon Marks also identifies a Falling Wedge pattern, suggesting a breakout and setting a target of $0.000081, hinting at nearly 498% growth.
Conclusion:
SHIB is at a critical juncture, with analysts predicting a bullish breakout if key resistance levels are breached. The FOMC meeting’s outcomes could significantly impact SHIB's trajectory, potentially leading to substantial gains.
Source - en.coinotag.com
