Sajadx1

"SHIB's current chart pattern suggests bullish potential, but market conditions indicate a likely 30% correction may precede any upward movement. Verify with additional analysis before executing trades, as this interpretation carries inherent risk."

**Analysis of Shiba Inu (SHIB) Price Status (Summer 2024):** --- ### **1. Current Status (Recent Volatility):** - **Price:** ~$0.000021 (with 5-10% daily fluctuations) - **Market Cap Rank:** ~15th (~$12 billion) - **Technical Analysis:** - **Key Support:** $0.000018 - **Resistance:** $0.000025 - **Indicators:** - RSI: ~45 (neutral) - MACD: Suggests weak bullish momentum --- ### **2. Key Factors Influencing SHIB’s Future:** #### **A) Bullish Catalysts:** - **Token Burns:** Increased SHIB burns via projects like **Shibarium L2**. - **Adoption:** Listings on payment platforms (e.g., **NOWPayments**) or online stores. - **News:** Ecosystem updates (e.g., **ShibaSwap 2.0**). #### **B) Bearish Risks:** - **Meme Coin Competition:** Pressure from **Dogecoin (DOGE)** or newer projects. - **Market Sentiment:** If Bitcoin drops below $60k, SHIB may plunge further. - **Trading Volume:** Declining volume signals reduced retail interest. --- ### **3. Price Forecast (Short-Term to Long-Term):** - **Short-Term (1-3 months):** - Best-case: Rebound to $0.00003 (if market turns bullish). - Worst-case: Drop to $0.000015 (in a bearish market). - **Long-Term (2025):** - Potential target: $0.0001 (with mass adoption and large-scale burns). --- ### **4. Investment Advice:** - **For Traders:** - Buy zone: **$0.000018-$0.000022** (Stop-loss: $0.000016). - Sell targets: $0.000024 and $0.000028. - **For Hodlers:** - Only invest disposable funds (SHIB remains high-risk). - Track **Shibarium** developments closely. - **Warning:** - Avoid **FOMO**! SHIB is still a highly volatile asset. --- ### **5. SHIB News Trackers:** - Official Site: [shibatoken.com]( shibatoken.com/) - Shibarium Updates: [blog.shibaswap.com]( blog.shibaswap.com/) - Live Charts: [TradingView (SHIB/USDT)]( tradingview.com/)

Given the breakdown of the downward trendline on the 1-day timeframe, there is a possibility of such a movement for this currency. However, please be sure to conduct your own due diligence and consider the Bitcoin market conditions. Thank you.

According to the status of the chart of this currency, I consider the possibility of such a move for this currency, which of course depends on the conditions and status of Bitcoin, so be sure to consider the status of Bitcoin as well.

According to the status of Shiba currency chart, if it cannot keep its rank above the green line, I have shown the next target of this currency in the chart.

According to the status of the chart, there is a possibility that Bitcoin will move in this direction, for which I have shown two possibilities and two targets, which, of course, need more signs, but this may be the possible target of Bitcoin.

According to the shape of the movement and the previous analysis, there is a possibility that the price will move in this way. And of course, if the increase in usdt dominance continues.

If the price stabilizes in the upper lines, there is a possibility of the price moving in this direction, and if the stabilization is done, it can increase the price of Bitcoin.

According to the movement pattern, there are 2 possibilities for the next movement of Bitcoin. If the line is broken on either side, I have shown the desired targets on the chart and there is also a possibility of a fake break, so please be careful.

According to the pattern in which the price of Bitcoin is located, it is possible to move in both directions, in case of failure from either side, there is a possibility that the price will move to the specified range.