Analyst Sees Shiba Inu Trend Reversal, Predicts SHIB 120% Rally to $0.000038
Technical Indicators Are Bullish
Supporting Carter’s analysis, data from TradingView shows that SHIB is near the lower Bollinger Band, indicating it might be in an oversold condition. Prices typically revert to the mean, suggesting potential upward movement.
Shiba Inu is trading in a descending channel, suggesting a potential trend flip🔺
A break above the MA 50 and resistance might spark a major rally📈
Keep an eye on the $0.000038 target if bullish momentum builds up👨💻
Notably, the chart identifies a strong support zone around $0.0000100 and a resistance zone around $0.00004500. Notably, SHIB is currently nearing the descending support line, which has historically provided a bounce-back in price.
Carter suggests that a breakout above the 50-day moving average (MA 50) and the descending resistance line could trigger a significant rally toward the $0.0000380 target. A surge to the $0.0000380 target would represent an approximate increase of 120.29% from SHIB’s current trading price of $0.00001725.
#US_Job_Market_Slowdown #BinanceHODLerBANANA #BinanceTurns7 #ETH_ETFs_Approval_Predictions #BinanceTournament
