Shiba Inu (SHIB) Price At The Most Crucial Point In Its History?


09 Jun 2023 4:25 PM

The Shiba Inu (SHIB) price may be at the most crucial point in its still young history. Here's what you need to know now....

  • Shiba Inu (SHIB) had a great rally at the start of the year but has been in a sustained downturn since February 5.
  • The price is currently at $0.00000804, which is possibly the most important point in its young history.
  • The price formed a descending triangle with a horizontal trend line at $0.000010 acting as support for a long time.
  • The Shiba Inu price is currently exhibiting a triple bottom chart pattern, which could be a last hope for a trend reversal.
  • The bullish case of Shiba Inu is supported by a possible bullish divergence of the RSI in the 1-day chart.
  • SHIB traders do not want to see a drop below $0.00000716 at any cost.

The article provides a balanced analysis of the current situation of Shiba Inu's price, highlighting both the bullish and bearish cases. The author presents technical analysis and chart patterns to support their analysis, without expressing a clear positive or negative sentiment towards the cryptocurrency.

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You May Ask

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