Shiba Inu (SHIB), which has been in a falling trend structure for about a month, can target serious prices if it breaks its trend.
SHIB, which remained silent to the memecoin frenzy created by Pepe (PEPE), attracted attention with its technical structure. SHIB, which has been in a downtrend since mid-April, could aim higher when it breaks the structure. The Shiba Inu ecosystem, which continues its regular burning processes, continues to be at the forefront of social media platforms. If the technical structure also reflects positively on SHIB, the Shiba Inu ecosystem can get even more excitement. What about the chart on SHIB, which paves the way for the bullish structure?
Critical Levels in a Shiba Inu (SHIB)
SHIB, which has been in a downward trend since mid-April, has formed a valid structure. SHIB, which clearly creates the downtrend structure, can sign upwards hard prices in case it breaks the trend. SHIB could not stand out much in the memecoin rush that was revived with Pepe (PEPE). However, SHIB, which has technically reached the critical threshold, may show serious climbs in a short time.
In SHIB, where buyers will play a more active role after the break of the trend, the resistance points are 0.000000915 – 0.000000975 – 0.000001014 – 0.000001081, respectively. The $0.000001166 resistance, which is the starting point of the structure, is the strongest resistance point of SHIB.
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