Someone calls SHIBA the new DOGE, but so far these are just words. Recently, there was information on Twitter that Flare Finance will support SHIBA.
If you look at SHIBA through the Elliott Wave Principle, then the probability of the upcoming growth looms. Having set a maximum on May 10, 2021, SHIBA began the correction phase. This is a sharp correction and it can take the form of a zigzag, double zigzag, or triple zigzag. Counting the waves shows that we have a double zigzag, which probably develops a wave (c) of [y] of 2. From the Fibonacci ratio between the wave [y] and the wave [w], I calculated the approximate end point of the wave [y] equal to $0.00000584.
If the sideways movement continues, it is possible that the wave (b) of [y] may not be completed yet. The fact that the wave (b)of [y] is a triangle suggests that the subsequent wave of decline will be the last.
My short-term forecast is a decline to $0.00000584, but the long-term forecast is a rise above $0.00003500.