💲Shiba Inu Price Analysis: Can SHIB Break the $0.00001 Barrier?

The $38,000 Bitcoin struggle impacts Shiba Inu's journey! Despite a recent peak at $0.00000965, SHIB is consolidating. Recent pullback to $0.000008, seen as a healthy correction, sets the stage for potential breakout

Price Analysis

30% growth in 30 days Resistance at $0.00000965, a temporary pullback to $0.000008 - a 50% Fibonacci retracement level. Bullish flag formation on the 4-hour chart hints at a potential 18% gain targeting $0.0000150! 🚩

Comparison with DOGE

SHIB vs. DOGE - DOGE shows stronger momentum with new highs and lows. SHIB struggles at $0.00000969. Dogecoin may offer more favorable long opportunities.

Market Indicators

SHIB's daily RSI shows selling pressure, but upward trend signals potential. Converging Bollinger Bands and RSI hint at a correction phase before a possible breakout or trend continuation.

Stay tuned for updates! #shibaInu #SHIB #DOGE #Dogecoin #cryptocurrency