Shiba INU(SHIB/USDT) Price May go Long Soon!
Shiba INU price has been trading bearish for the past few months which was further intensified with the November collapse. Since then the price is attempting very hard to reclaim the levels above $0.00001 but the bears appear to have held the resistance at $0.00000935 and restricting the price below. However, an extended price compression often leads to a remarkable jump which may be expected any time in Q1 2023.
The SHIB price is trading within a falling wedge, which is largely considered as a bullish indicator. The price rise is expected to rebound after reaching the lower support at around the yearly lows at $0.00000750 which may trigger a massive upswing. Hence, the SHIB price may eventually break out of the wedge by gaining immense bullish momentum and reach $0.00001028 initially.
Here, if the bulls are able to hold the price above the crucial resistance, then a bullish yearly close is possible which may be further elevated towards new highs.
The SHIB price is trading within a falling wedge, which is largely considered as a bullish indicator. The price rise is expected to rebound after reaching the lower support at around the yearly lows at $0.00000750 which may trigger a massive upswing. Hence, the SHIB price may eventually break out of the wedge by gaining immense bullish momentum and reach $0.00001028 initially.
Here, if the bulls are able to hold the price above the crucial resistance, then a bullish yearly close is possible which may be further elevated towards new highs.
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