A leading analyst forecasts a 400% rally for Shiba Inu, potentially increasing its price to $0.000074. This prediction is based on recent price movements and technical indicators. Shiba Inu is currently at $0.00001805, having rebounded from a temporary dip.
TradingView expert Without Worries suggests this is an opportune moment to start a long position. Despite a 70% decline since March, positive indicators like RSI breakouts and trend reversals exist, suggesting a strong rebound possibility.
Shiba Inu could face resistance levels at $0.00001865, with further resistance at $0.00001969 and $0.00002094. A strong market mood supports the forecast with a Fear & Greed Index of 65, indicating investor greed and potential price appreciation.
In the last month, Shiba Inu had 15 green days out of 30, suggesting a favorable opportunity for investors. The market's optimistic sentiment and potential for substantial growth attract robust interest, but caution is advised to anticipate possible corrections.
