Shiba Inu price forecast - is the dog coin coming back? (+ 40%?)

In our last Shiba Inu price prediction , we wrote that if the price closes above the resistance of $ 0.00006191, it could rise by 20%. As a result, however, the price was unable to regain the resistance as support, which is why the price had continued the downtrend. The price is now around $ 0.00003126 and has a market capitalization of around $ 17 billion. This makes Shiba Inu the second-largest meme coin.

The Shiba Inu course has reached the support of approximately $ 0.00003 and has already found support there during the last major crypto crash. The course is now at this level again. If we maintain this support, we assume an increase of around 40%. The goal would be around $ 0.000045. There is the next major resistance. If the course is unable to maintain support, it looks bleak. Price could then decline to $ 0.000023 as that would be the closest support.

The Shiba Inu price broke an important trend line during the last crypto crash that confirmed the upward trend. Now it is broken and has already acted as a resistor once. We think Shiba Inu price could eventually hit resistance at $ 0.000045, however the downward trend could resume a short while later. This means that long-term / medium-term rates of around $ 0.000023 are possible. We will start at $ 0.000023 as soon as the $ 0.000031 support breaks.

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