The Shiba Inu Price Prediction 2022 has established a bullish chart pattern, indicating that the canine-themed coin has a bright future. If SHIB trades above $0.00003628, the currency could be on its way to a 44 percent gain, according to the current chart trend.
Let’s Examine Shiba Inu’s Technical Movement:
Shiba Inu Price Prediction 2022
On the 12-hour chart, the Shiba Inu price has formed an inverse head-and-shoulders pattern; indicating a 44 percent increase to $0.00005336.
Investors should keep in mind that the bullish aim will only be met if SHIB breaks above the neckline of the current trading pattern around $0.00003628.
Resistance levels $0.000033, and $0.0000; Support levels $0.0000264 and $0.0000196
The 200-hour Simple Moving Average (SMA) at $0.00003384 will be the initial line of resistance, followed by the 78.6 percent Fibonacci retracement level at $0.00003468. SHIB may tag the neckline of the ruling technical pattern at $0.00003628 if purchasing pressure continues to rise.
Shiba Inu price will tumble toward the initial line of defence at the 61.8 percent Fibonacci retracement level at $0.00003091 if selling pressure increases. SHIB will find support at the 50% retracement level of $0.00002826; which coincides with the 100 twelve-hour SMA.
However, if the price falls below this level; the optimistic view would be shattered.
[wpdiscuz-feedback id=”o5wo1tpfdr” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]Shiba Inu price could fall near the 50 twelve-hour SMA at $0.00002561; which intersects with the 38.2 percent Fibonacci retracement level, if sell orders rise. If bearish sentiment grows; SHIB might drop to the 23.6 percent Fibonacci retracement level of $0.00002233.
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