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Shiba Inu Forecast - What you need to look out for now!

 


Shiba Inu price has dropped to the GoldenPocket of the recent up move after breaking the trendline that served as support. Currently, the price is finding support at the GoldenPocket which is located at $0.00000245, which gives us a bullish sentiment. As long as the Shiba Inu price holds this GoldenPocket and thus forms a higher low, we expect prices to rise. Next, price may retest the trend line, which serves as resistance. At the same time, the former support trendline might be retested to confirm the break.


At the moment the Shiba Inu course is in a bit of a quandary, which is why it would have to decide where to go in the next few days. If the GoldenPocket bearishly breaks, we would expect the price to resume the downtrend. If the trend line, which has served as resistance for several weeks, breaks, we expect prices to rise.

If we zoom out a bit from the chart, we can see that the Shiba Inu price has historically formed resistance at $0.0000331 and $0.000003844. Those would be our next targets, assuming the GoldenPocket child we touched on earlier holds up. Optimally, if resistances break, which we don't expect, price could test the GoldenPocket of the last full move down. This is located at around $0.00006.

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