The TradingView analyst predicts the adjustment fall for Shiba Inu Up to 0.00001735 US dollars before potential restoration and surge of new maximums.
This week, Shiba Iu experienced noticeable price fluctuations, agreeing with the tendency of the bear market. Its price has decreased over the past 24 hours, which has contributed to a fall by 2.64% over the past seven days, bargaining by 0.00002053 US dollars during printing.
The decline followed a multi -month maximum of 0.00003284 Shib, reached in December 2024, after which the assets moved below the region in the amount of 0.00002 US dollars before restoring. After this decrease, analysts indicated technical patterns that offer further prices in the near future.
A descending wave for Shiba Inu before new maximums
TradingView analysis observed The pricing movement of Shiba Inu forms an expanding diagonal pattern, followed by a corrective triangle. Pattern involves a possible movement down to some kind of potential change.
The analysis emphasizes the five -wave expanding diagonal marking from one to five, which is an impulsive price.
With a corrective triangle marked as a prepared wave B, a wave of C is expected, speaking towards the recovery level of 0.618 Fibonacci about 0.00001735 US dollars.
This is a demand zone from which Shiba Iu can see its final correction to a significant rebound. It is expected that the wave will fill the structure, setting up assets for potential profit after that.
Key support and bull setting for Shib
Meanwhile, a separate trade leak analysis He presented a more optimistic forecast, citing bull settings within the framework of the growing channel. According to this perspective, the key support level of 0.00001947 will provide the Shiba for a significant possibility of rebound.
It is noteworthy that Shiba Inu checked the price of $ 0.00001947 on Monday during a market landfill. The target price set forth for the rebound script from this point is $ 0.00004170, which represents a potential increase by about 114%.
Long -term target for Shiba
Meanwhile, a separate analysis of January 19 emphasized A wider bull installation, assuming that Shiba Inu may have a price increase of 580%. The analysis referred to the scheme of higher maximums and higher minimums since June 2023, which indicates that the token remains in the phase of bull consolidation.
The analyst claimed that the general thesis of Shiba, the Inu remains untouched, despite the recent bearish results. He expects that the next step of the asset will surpass his record, especially after the restoration of dominance over 0.000032 US dollars. One of the key prices of prices determined in long -term prospects is 0.00007056 US dollars.
Meanwhile, the analyst believes that the bull wave can increase the price of Shiba to $ 0,0001397 this season, canceling zero.
