As we can see price is near last major support left which is green Circle on the chart and if this support break to the downside which is possible too then we can expect start of our pump and rise from supports like 0.000005$.
DISCLAIMER: ((trade based on your own decision))
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Shiba is still in a downward trend and still very weak momentum and low volume, and still inside the triangle and trend, should volume pick and build momentum enough to break out of the trend then entry should be adjusted at point of retest to ride the trend.
NB' SHIBA and most meme coins are very volatile and manipulated, so if taking this trade with caution and tight S.L
on shibusdt the market is heading for our TP clearing the sellside liquidity before taking off
In the daily timeframe, Shiba Inu is exhibiting a downtrend, indicated by its positioning between a high that's lower than the previous one and a low that's also lower than its predecessor.
We anticipate a continued decline in price, with our primary target being the support zone within the trading range, specifically the area marked by the blue support box.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!
