In our last Shiba Inu forecast, we went into a marked pattern, which signaled that the Shiba Inu price will continue to fall. That’s how it happened. The price has broken out of the pattern bearishly and is currently aiming for the next support. But when exactly could a turnaround finally take place? Or will the coin soon be history? We at CryptoTicker take a close look at the chart of the Shiba Inu today.
Broken important support – What is the next goal?
The Shiba Inu course was able to break the support of $0.0000086 in the previous week (calendar week 23) and have a week-end course below it. Since this support has now been broken, we assume that the price will decline to the next support. This is located at about $0.0000068. In the short term, it may happen that the price will test the former support of $0.0000086 and thus confirm this level as resistance. However, this only applies to the next few days. In the next week, the $0.0000068 are probably due.
How low could Shiba Inu fall?
If we look at the long-term chart of the Shiba Inu price, which is not seen in the history of the Binance chart, we can see that the price had a high point at about $0.0000037. Because of this, we assume that sooner or later the course will test this point in order to confirm / test it as support. This could also be the bottom of the course for now. However, one should not commit to this and continue to observe as soon as the price has fallen lower again.
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