Shiba Inu price forecast - Memecoin giant awakens

Shiba Inu price forecast - Memecoin giant awakens - When to get out?

In our last Shiba Inu price forecast , we wrote that the price reached the support of +/- $ 0.00003107 and also received support there. Furthermore, the course has developed a double bottom formation, which could ensure rising prices. Based on this information, we assumed that the price could soon rise by at least around 40%. Now we are, since the last article, at +/- 25% in the plus. But how could things go on with the Shiba Inu course and should you think about an exit, if so, when and where should you get off? We enlighten you today!

The Shiba Inu course could hit the goal we mentioned at any moment. This is around $ 0.00004494. There is also an important trend line there that would keep the uptrend intact. Since it was broken a few weeks ago, the price is now finding double resistance at $ 0.00004494 as the trendline is just crossing the resistance. Should we break these resistances at the same time, we would be bullish on the Shiba Inu course again. For the time being, we are more bearish until the price breaks the resistance.

Should the Shiba Inu price break the resistance, then we would assume a rise towards $ 0.00006191. That is where the next resistance lies. The price could then confirm the trendline as support. After that, we expect it to climb to as low as $ 0.00007489. This is where the strongest resistance in our eyes at the moment lies.

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