🐶 Projected Shiba Inu Bullish Scenario

According to SHIB KNIGHT’s data, Shiba Inu is forming a falling wedge pattern on the weekly timeframe. He pointed out that SHIB whales bought the coin intensively at the $0.00000875 Golden Zone Support.

With this intense accumulation, he suggested that the price of the token may hold from further falling at this level. Following this foundation, $SHIB KNIGHT posited that under bullish circumstances, the price targets of SHIB will be between the $0.00000896 to $0.00001486 range.

Shiba Inu’s price drawdown has seen the coin fall to a monthly low of $0.00000846 amid intensive capital flight.

At the time of writing, the price and market capitalization of the token are down 0.83% in 24 hours to $0.00008853 and $5,218,519,898, respectively. Buying enthusiasm is also seeing a bearish sentiment as trading volume is down by 22% to $88,564,332.

Despite this outlook, the projected price floor of $0.00000875, as inferred by $SHIB KNIGHT, might usher in brighter days ahead for the token.#Write2Earn #shiba #SHIBARMY