Shiba Inu Price Analysis: Can It Break the Resistance and Reach $0.000023?

  • Shiba Inu experiences a remarkable 6% single-day jump, breaking a period of two weeks of sideways trading.
  • Market dynamics shift as SHIB corrects by 13%, followed by a consolidated range between $0.0000093 and $0.00001013.
  • Potential bullish scenario: If SHIB surpasses the $0.0000093 resistance, it may aim for $0.000018 and beyond.

Shiba Inu (SHIB) has sent shockwaves through the crypto space with an unprecedented 6% single-day surge, breaking free from a prolonged two-week sideways trend. The market witnessed a subsequent correction of 13%, leading to a consolidated range between $0.0000093 and $0.00001013.

Read CRYPTONEWSLAND on Google News google news

As SHIB eyes the $0.0000093 resistance breakthrough, potential momentum could propel it toward the upper resistance level of $0.000018. Sustaining at this level sets the stage for SHIB to aim for an impressive $0.000022 this month, marking a significant milestone in its ongoing journey.

The future for Shiba Inu (SHIB) in the cryptocurrency industry appears optimistic. With recent price movements showcasing resilience and potential for further gains, SHIB stands at the cusp of breaking through key resistance levels. If the momentum continues, SHIB could establish itself as a noteworthy player, aiming for the $0.000034 mark and beyond.

Read also:

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

retik-new-banner-hor

related posts