Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target
Recent technical analysis suggests the Shiba Inu price could be Preparing for a Bullish Rallyas the second largest meme coin shows signs of recovery from the correction phase. As key support levels establish, crypto analysts expect Shiba Inu (SHIB) New Bullish Price Target.
Shiba Inu price target $0.000033 and above
On Tuesday, a TradingView cryptocurrency analyst known as “Real_CryptoRoy” Announce The Shiba Inu is “ready to take off,” underscoring its potential for a sharp recovery to new highs. The analyst believes that Shiba Inu’s first major milestone in 2025 will be a climb above $0.000025, a key level that will confirm its bullish stance.
Related reading
TradingView analysts say that if this key price point recovers, it could set the stage for Shiba Inu to retest a new resistance zone at $0.000033. This key price level is one of Shiba Inu’s recent highsachieved during a period of explosive growth and increased demand.
TradingView Cryptocurrency Expert Shares Price Chart Highlighting Breakout of Above-mentioned Resistance Levels, Accompanied by Trading volume is strongcould pave the way for future gains and a larger bullish trend, pushing the Shiba Inu to new price highs.
While he remains confident in the bullish outlook for the Shiba Inu, the analyst also highlighted the impact of Bitcoin price action and dominance About the performance of Shiba Inu. For example, if Bitcoin remains stable or bullish, it could create favorable conditions for Shiba Inu and other altcoins to rise. Conversely, if Bitcoin turns bearish, the Shiba Inu may also experience price drops and volatility.
For mid-term investors, the current price of nearly $0.00002 may be an opportunity to acquire Shiba Inu at a low cost while keeping a close eye on its movement. Analysts also highlighted Key Resistance and Support Levelspredicting that the Shiba Inu is preparing for a significant recovery.
SHIB seeks support amid adjustments
Sharing his bullish prediction for Shiba Inu, “Real_CryptoRoy” revealed that the meme coin is currently trading Post-crash correction phase It is up 35% from the local high of $0.000033 and is consolidating above $0.00002.
Related reading
TradingView analysts reveal that the $0.00002 level is a key support area for Shiba InuImportant support areas for Shiba Inuthe memecoin has been tested twice. Typically, when a cryptocurrency successfully tests a support level multiple times, it is a sign that buyers are stepping in to defend the level and prevent further declines.
This support area is highlighted with an orange circle on the analyst chart, indicating potential Shiba Inu’s local bottom. TradingView cryptocurrency experts note that the current correction phase of the Shiba Inu may provide an attractive buying opportunity for investors aiming to take advantage of low prices and a potential upward trend.
The analyst also noted that Shiba Inu value for money The previous day’s move was noteworthy as it avoided falling below the previous low. Instead, the meme coin established “higher lows,” suggesting selling pressure It may be weakening and its correction may be nearing its end.
Featured image created using Dall.E, chart from Tradingview.com
