Shiba Inu prices are currently under intense pressure to correct, and purchasers are finding it difficult to take control of the market's recovery. The SHIB price breaks through the long-term resistance trendline, but is unable to maintain the breakout rally, which leads to a decline below $0.000010.
Nevertheless, a double bottom formation on the Shiba Inu price trend indicates that buyers are once again entering the market, breaking the run of lower high formations. Shiba Inu (SHIB) has had a difficult start to 2024, but the price movement for Shiba Inu in 2024 will be greatly influenced by the continuous struggle at the support trendline.
The price may hit the aim of $0.00006697 in 2024 if it can keep rising above $0.00003682. However, the SHIB price might surely fall to $0.000010 if it reverses. While a downturn is still a possibility, SHIB's outlook is generally favourable.
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