CandleFocus Shiba Inu (SHIB) Price Has Chance
2024-10-08
Author: Content Editor
The article discusses the potential for a price reversal in Shiba Inu (SHIB). SHIB has recently consolidated after a downtrend and is facing obstacles but a recovery is possible. Holding support above the 100-day EMA at $0.00001664 is crucial for a reversal and could lead to additional gains. The resistance level at $0.00001800 is important as a breakout above this could trigger a shift in market sentiment and bring in more buyers. The breakout target is $0.00001900, indicating a complete reversal of the previous downtrend and the potential for a longer-term upswing.
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