SHIB Coin Chart Analysis
SHIB coin rose to 0.00045 and then declined to 0.000010.
Like most altcoins, it has undergone a correction for the past six months.
Over the past few days, SHIB has seen a nearly 100% rise.
This increase is likely due to issues related to Chinese capital.
However, considering that corrections tend to occur around the 1.618 Fibonacci level and the possibility of an ABC (3-3-5) rebound, the priority seems to be further downward correction.
That said, if SHIB breaks through the strong resistance zone (0.00002 to 0.00003 USD), we can expect the upward trend to continue.
Still, we need to consider how SHIB will overcome this strong resistance.
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