SHIB Price Prediction: Another price drop
While some metrics suggest that the SHIB price is entering a consolidation phase, the recent death cross formation raises concerns about the risk of a bearish turn.
This technical indicator signals a possible downtrend, starting new corrections for the Shiba Inu. Depending on the market reaction, SHIB could face a decline towards $0.000019.
However, if SHIB price breaks above the current resistance at $0.000034, it could start an uptrend reaching $0.00004. This represents a 50% price increase from current prices.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
