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Shiba Inu price targe.s $0.00003468 next

March 3, 2022

On the daily chart, Shiba Inu price has formed an ascending triangle pattern, projecting a 37% rise toward the upper boundary of the governing technical pattern, which is $0.00003468.

Shiba Inu price will confront another hurdle at the 100-day simple moving average (SMA) of $0.00003091, which will connect with the 61.8% Fibonacci retracement level. 

Slice up above the previously indicated obstacle to targe. a further 51%rge.

Investors should keep in mind that if purchasing pressure persists and the Shiba Inu price breaks over the topside trend line of the governing technical pattern, a 51% rise toward $0.00005337 is on the cards.

If SHIB falls below $0.00002357, the bullish outlook will be null and void.

If bearish sentiment intensifies, Shiba Inu price will find quick support at the 38.2% Fibonacci retracement level of $0.00002561.

At $0.00002357, a further footing may form at the lower border of the current chart pattern.