CandleFocus Top Analyst Says Shiba Inu Ready to Break Above Weekly Ichimoku Cloud: Here are Targets to Watch
2024-11-28
Author: Content Editor
The cryptocurrency Shiba Inu (SHIB) is garnering attention in the market as its weekly chart indicates a potential bullish breakout above the Ichimoku cloud. Despite lagging behind its meme coin counterparts in recent weeks, analysts are hopeful for a significant move for SHIB. Technical analysts believe that SHIB is on the verge of breaking above the weekly Ichimoku Cloud, which could lead to a strong uptrend. If a breakout occurs, the immediate resistance level for SHIB is identified as $0.00003100, with potential targets at $0.000037 and even its yearly high of $0.000045. Other analysts also share optimistic views on SHIB, with price targets ranging from $0.0000555 to an all-time high of $0.00038.
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