- Analyst has spotted a developing uptrend for Shiba Inu.
- According to the analyst, SHIB has broken a significant resistance.
- The analyst predicts a long-term rally for SHIB with an initial target of $0.000022.
Shiba Inu trader, identified as SHIB KNIGHT on X, has spotted a developing uptrend for the meme coin. In a recent post, the trader and technical analyst showed SHIB is sitting on notable support after retracing from a significant pump.
Judging from SHIB’s historical trends and current price behavior, the analyst identified the potential crucial price levels going into the future. According to SHIB KNIGHT, Shiba Inu’s projected targets to the upside include $0.00001050, $0.00001067, and $0.00001096.
#Shiba Inu 2H ChartIt is on 1021 support after a nice pump.
Targets: 1050, 1067, 1096
Supports: 1021, 1013, 1002 pic.twitter.com/o2pdpY8f3y
— $SHIB KNIGHT (@army_shiba) February 27, 2024
For a retracing market, SHIB KNIGHT expects Shiba Inu to find support at $0.00001021, the price at the time of his post, $0.00001013, and $0.00001002. The analyst shared a chart to illustrate his SHIB price targets and projections.
It is essential to note that SH…
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