Shiba Inu peaked in March, then fluctuated before steadily declining, stabilizing at $0.00002000 until a recent surge.
The SHIB memecoin has been consolidating between the $0.000028 and $0.000020 levels for the past month.
Shiba INU is currently trapped within a decisive symmetrical triangle, part of a descending trend.
A strong base is formed by an ascending trend line, resulting in the formation of a decisive symmetrical triangle pattern.
Bullish momentum is slowly increasing, pushing SHIB towards the upper resistance of the descending channel.
According To Coingabbar's analysis, If the market improves, SHIB may exceed $0.000025, possibly reaching $0.00003.
A market downturn could push SHIB to $0.000020 support; further negativity might decrease its value to $0.000016.
KEY LEVELS :
RESISTANCE LEVEL : $0.00003000-$0.00004000
SUPPORT LEVEL : $0.000018000-$0.000012000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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