From a fundamental standpoint, we have a similar situation than that of doge. That being total supply is rather massive, however, SHIB holds the same utility and actually has a more feasible path to scale to $1 given its total supply sitting at 1,000,000,000,000,000.
One thing is for certain, the momentum is present. Kucoin and Binance (innovation zone) listings, tweets by the Wolf himself... you name it. even if SHIB captures a very small fraction of the DOGE following its off to 50 cents in no time. This time period is called price discovery, no TA or fundamental analysis is accurate in such scenario's. SHIB was gifted the title "DogeKiller" for a reason. In time, this will replace DOGE movement as more and more discovery its virtually impossible for it to go over $1.
As always, DYOR, though in my opinion.. its only a matter of time before this token takes over DOGE completely. No ETA, but as you see from the fibs there is still PLENTY of near term action
1 dollar shib would be interesting outcome, not to mention beneficial to me. would probably cause some sort of instability in US economy although, i think i would move to another country with stacks of gold?
tupacca
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Whats your short term target?
TA-Tony
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@tupacca, looking for a pullback in the nearest timeline. likely around the .000022 zone. if it touches .00002 ill be buying more and look at the upside target being .00005
Im starting tl get a bit scared..dont know where the down trend can go. But u think we might go up sometime soon? U see a break in the falling wedge close?
CozyTea
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Can buy on Crypto.com!
TA-Tony
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@CozyTea, Also true, great platform. IMO for microcaps like this its still best to utilize a direct plugin like metamask in case too much traffic crashes their platform. Similar to Robinhood every time a name pops bagholders cant sell.