We are looking for more pump here even to targets like 0.000045$ and more and soon we can expect this pump happen and hit our next targes which are red zones on chart.
also major supports are mentioned on the chart because we may have short-term fall first.
DISCLAIMER: ((trade based on your own decision))
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SHIB is the second-largest memecoin of all time, and I believe it hasn't reached its full potential yet. We've recently seen huge rallies in DOGE and BONK (refer to my previous analysis, where we captured over a 50% rise in BONK in just two days). I expect SHIB and DOGE to continue surging in the coming weeks. Notably, SHIB hasn’t reached its Spring 2024 high yet, unlike other memecoins, which gives me additional confidence that SHIB has much more room to grow.
Technical Analysis: Price is rebounding from a monthly demand zone and has created a weekly demand zone by breaking the bearish trendline that has governed the downtrend since Spring 2024.
I'm expecting a retracement back to the weekly demand (marked as the purple zone), which aligns with the Optimal Trade Entry (OTE). It may retrace as far as the trendline, or it may not. I'll be looking for confirmations within the purple zone, labeled 'Max Discount Zone.
SL: 0.0152
TP: 0.0456 (Spring 2024 high)
Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for SHIBA INU, 📚💣
As observed, a significant influx of trading volume has entered the market for this asset. Moreover, this asset is backed by one of the largest media platforms and communities in the global cryptocurrency space, enhancing its influence and market visibility. 📚🎇
Despite the current momentum, there is a possibility of the price declining further to the next lower Fibonacci support level.📚✌
However, following this potential dip, we anticipate a renewed upward movement, leading to a recovery and subsequent price increase. 🎇💡
🧨 Our team's main opinion is Significant trading volume has entered this asset, supported by one of the largest crypto media communities. The price may dip to a lower Fibonacci level before likely rebounding. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
