Shiba Inu Price Analysis: Upside Potential and Future Expectations

Cryptocurrency analyst has spotted a positive trend in Shiba Inu (SHIB) price. SHIB showed recovery twice around the support level of around $0.0000238, revealing investors’ interest in this level. SHIB Price Movements and Analyst Perspective According to analyst SHIB Knight, SHIB sees this level as an appropriate buying point, and after the validation of the $0.0000238 support level, it indicates an increased possibility for SHIB to reach new highs. Efforts to reach the resistance level of $0.0000328 failed and the price declined. However, the analyst predicts that this price movement might be an accumulation phase and that SHIB could reach higher levels. SHIB’s Future Scenarios Analysts are making various predictions about whether SHIB can regain past peak levels. In 2021, SHIB reached an all-time high of $0.00008845 and saw the $0.000044 level in the recent rally. Market observers expect a potential recovery for SHIB before the next Bitcoin halving. Some […]

Shiba Inu Price Analysis: Upside Potential and Future Expectations

Cryptocurrency analyst has spotted a positive trend in Shiba Inu (SHIB) price. SHIB showed recovery twice around the support level of around $0.0000238, revealing investors’ interest in this level.

SHIB Price Movements and Analyst Perspective

According to analyst SHIB Knight, SHIB sees this level as an appropriate buying point, and after the validation of the $0.0000238 support level, it indicates an increased possibility for SHIB to reach new highs.

Efforts to reach the resistance level of $0.0000328 failed and the price declined. However, the analyst predicts that this price movement might be an accumulation phase and that SHIB could reach higher levels.

SHIB’s Future Scenarios

Analysts are making various predictions about whether SHIB can regain past peak levels. In 2021, SHIB reached an all-time high of $0.00008845 and saw the $0.000044 level in the recent rally.

Market observers expect a potential recovery for SHIB before the next Bitcoin halving. Some believe SHIB could surpass its historical peak soon, while others point out that the lowest level of $0.00002249 could be a significant buying opportunity.

While Shiba Inu’s value is down by 6%, trading at $0.00002646, with a trading volume of $1.45 billion, placing it as the 12th largest cryptocurrency. Shibarium (Layer-2 solution) strengthens the ecosystem by reducing transaction fees, increasing investor confidence, and bringing new users into the market.

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