SHIB / TetherUSLong
Will Shiba Inu Reach $0.000035?
Recent Surge: SHIB has gained nearly 20% from its weekly low of $0.00001583.
Golden Crossover Potential: The convergence of the 50-day and 200-day SMA indicates a likely golden crossover, supporting a bullish outlook.
Double Bottom Formation: A double bottom reversal at the 23.60% Fibonacci level ($0.00001633) reinforces the uptrend.
Fibonacci Targets: The immediate target is the 50% Fibonacci level at $0.00002144, with further potential toward $0.00003591.
Broader Market Influence: Bullish sentiment in the broader market recovery could further fuel SHIB’s climb.
Golden Crossover Potential: The convergence of the 50-day and 200-day SMA indicates a likely golden crossover, supporting a bullish outlook.
Double Bottom Formation: A double bottom reversal at the 23.60% Fibonacci level ($0.00001633) reinforces the uptrend.
Fibonacci Targets: The immediate target is the 50% Fibonacci level at $0.00002144, with further potential toward $0.00003591.
Broader Market Influence: Bullish sentiment in the broader market recovery could further fuel SHIB’s climb.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.