Shiba Inu Price Prediction: SHIB Soars 11%, But Traders Turn To This PEPE 2.0 For 1000X Potential
The Shiba Inu price has soared 11% in the last 24 hours to trade at $0.00001874 as of 7:30 a.m. EST on a 173% pump in trading volume to $938 million Shiba Inu Price May Encounter Resistance: Bearish Reversal Ahead? The Shiba Inu price action reveals a “Head and Shoulders” pattern, signaling a possible bearish reversal. The pattern shows an initial price peak around $0.000925, followed by a rise to the Head’s peak at approximately $0.001020, marking the highest point. Subsequently, the price declined, leading to the formation of the Right Shoulder, which reached around $0.000950 before pulling back again. If confirmed, this pattern could indicate a bearish reversal ahead. The Neckline Support, marked at approximately $0.000880, is critical to watch because it connects the shoulders and head dips. If the price breaks below this neckline support, it would confirm the bearish reversal and could lead to a deeper decline. SHIBUSD Analysis Source: Tradingview ...