Shiba Inu Price Eyes Major Target After Completing Bullish Setup
The post Shiba Inu Price Eyes Major Target After Completing Bullish Setup appeared on BitcoinEthereumNews.com. Key Insights: Shiba Inu coin price has surged 50% from its June low of $0.00001004, breaking above a key resistance trendline. Analyst predicts SHIB’s next target is $0.000025, a level last rejected in January 2024. SHIB has gained 32% in July and 16.5% in the past week, joining a broader altcoin market uptrend. Shiba Inu coin (SHIB) price showed renewed strength after reclaiming key technical levels and staging a rebound that has drawn attention from analysts. According to analysts, the meme coin completed what he described as a “free masterclass in liquidity” before resuming an upward trajectory. SHIB price was approaching the $0.000025 region, a key level identified by several analysts. Shiba Inu Coin Has Surged 50% From its June Low Shiba Inu’s price dropped to a low of $0.00001004 on June 22 after temporarily breaching its local support zone. This dip triggered widespread stop-loss activation, forcing weak positions to close. According to Tradersboat, this movement was a deliberate liquidity grab that formed the basis for a stronger trend reversal. Shiba Inu Price 1-Day Chart | Source: Tradesboat Consequently, the event swept retail stop-losses, marking a low that has since served as a springboard for bullish action. From that June low, Shiba Inu price has recovered by 50%, climbing past its previous resistance levels. The move also broke a descending trendline that previously capped price rallies. In addition, the break above this trendline confirmed a market structure shift and enabled further advances. The analyst pointed to a pattern of higher highs and higher lows, which typically characterizes a bullish trend continuation. Analyst Predicts Shiba Inu Price Next Target is $0.000025 More so, Tradersboat noted that the momentum was aligned with Shiba Inu price historical resistance and supply zones. The analyst forecasted that the next key area lay around $0.000025, which…
The post Shiba Inu Price Eyes Major Target After Completing Bullish Setup appeared on BitcoinEthereumNews.com.
Key Insights: Shiba Inu coin price has surged 50% from its June low of $0.00001004, breaking above a key resistance trendline. Analyst predicts SHIB’s next target is $0.000025, a level last rejected in January 2024. SHIB has gained 32% in July and 16.5% in the past week, joining a broader altcoin market uptrend. Shiba Inu coin (SHIB) price showed renewed strength after reclaiming key technical levels and staging a rebound that has drawn attention from analysts. According to analysts, the meme coin completed what he described as a “free masterclass in liquidity” before resuming an upward trajectory. SHIB price was approaching the $0.000025 region, a key level identified by several analysts. Shiba Inu Coin Has Surged 50% From its June Low Shiba Inu’s price dropped to a low of $0.00001004 on June 22 after temporarily breaching its local support zone. This dip triggered widespread stop-loss activation, forcing weak positions to close. According to Tradersboat, this movement was a deliberate liquidity grab that formed the basis for a stronger trend reversal. Shiba Inu Price 1-Day Chart | Source: Tradesboat Consequently, the event swept retail stop-losses, marking a low that has since served as a springboard for bullish action. From that June low, Shiba Inu price has recovered by 50%, climbing past its previous resistance levels. The move also broke a descending trendline that previously capped price rallies. In addition, the break above this trendline confirmed a market structure shift and enabled further advances. The analyst pointed to a pattern of higher highs and higher lows, which typically characterizes a bullish trend continuation. Analyst Predicts Shiba Inu Price Next Target is $0.000025 More so, Tradersboat noted that the momentum was aligned with Shiba Inu price historical resistance and supply zones. The analyst forecasted that the next key area lay around $0.000025, which…
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