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February 14, 2025 at 03:04PM SHIB
SHIB
SHIB / TetherUS BINANCE:SHIBUSDT
To start exiting the downtrend, Shiba must first break its downtrend line and reach and cross the 0.00001856 area, which is also an important resistance.
Unfortunately, in the daily time frame and in the range of 0.00001916, the probability of a death cross is very high, and if it happens, a worse downtrend will be expected.
But if it can close a strong candle above 0.00002123 in the 8-hour time frame, the death cross will be invalidated.
My targets for the next 2 months for Shiba can be 0.00004807 and 0.00007078.
In the event of a correction and market decline, the number 0.00001028 will be available.
Shiba is dependent on the positive movement trend of Ethereum, so it can be said that with the rise of Ethereum, Shiba will also be bullish.
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