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Top Analyst Says Shiba Inu Poised for a Comeback Rally to $0.00004

Author: Content Editor
The article discusses the potential for a powerful upswing in the price of Shiba Inu (SHIB) cryptocurrency. AJTrader, a popular analyst on TradingView, believes that SHIB may reach the $0.00004 level again. This optimism is driven by the recent reversal of a seven-month downtrend and the building momentum of an uptrend in September. SHIB achieved its highest price in three months, and AJTrader suggests that successfully recapturing the $0.00002 region could provide enough momentum for SHIB to break higher resistance levels at $0.00004. Another analyst on TradingView has suggested a potential price surge of up to 400%, driving SHIB's value to $0.00007. However, there is caution from analyst Klejdi Cuni, who highlights immediate resistance levels at $0.000019 and $0.00002. Additionally, analyst Edward Fibonacci warns of a potential major correction if SHIB breaks below the $0.000015 level.

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