đŸ”„đŸ”„đŸ”„ #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

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