Shiba took the spotlight with no less than a 146% rally this week.
The surge was the headline across the industry, and the price finally came to a break once it hit the current all-time high of $0.00008854. As already indicated in our last Shiba analysis, all eyes are now on the key level of $0.0001. The big question in everyone’s mind is, can SHIB lose another zero? That would certainly gather a lot of attention.
Until then, Shiba has found support on the $0.0000600 level and is expected to consolidate further under the all-time high before another attempt is made at a breakout. The indicators remain bullish on higher timeframes such as daily and above, while on lower timeframes like 4-hours, the correction appears completed.
Looking ahead into the coming week, there is a possibility Shiba can attempt a break of the $0.0001 level
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The surge was the headline across the industry, and the price finally came to a break once it hit the current all-time high of $0.00008854. As already indicated in our last Shiba analysis, all eyes are now on the key level of $0.0001. The big question in everyone’s mind is, can SHIB lose another zero? That would certainly gather a lot of attention.
Until then, Shiba has found support on the $0.0000600 level and is expected to consolidate further under the all-time high before another attempt is made at a breakout. The indicators remain bullish on higher timeframes such as daily and above, while on lower timeframes like 4-hours, the correction appears completed.
Looking ahead into the coming week, there is a possibility Shiba can attempt a break of the $0.0001 level
Like and follow if you liked this idea!
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