Buy $GGsKey Support Levels for Shiba Inu Coin to Ensure Bullish Stance
Highlights
- The Shiba Inu Coin will maintain its mid-term recovery until the ascending support trendline is intact.
- A falling wedge pattern governs the long-term downturn SHIB price.
- The 24-hour trading volume on the Shiba Inu is at $113.2 Million with a 13.5% gain.
Amid the broader crypto market recovery, Shiba Inu coin secured strong support at $0.0000085, leading to a notable 9% increase to reach a peak of $0.0000096. Despite this uptick, the overall altcoin market experienced a slowdown in momentum due to lingering doubts about Bitcoin’s ability to maintain its position above the $50k threshold. With this uncertainty, the SHIB price is at risk of 4% drop this week but there’s a catch.
Also Read: “DOGE And SHIB”: Can SHIB Go as high as DOGE?
Will SHIB Price Regain $0.00001 in Feb?
The past four months’ trajectory in Shiba Inu price is still bullish under the influence of an ascending trendline. A look at the daily time frame chart shows this memecoin has rebounded at least thrice from this dynamic support indicating a crucial accumulation point for investors.
The SHIB Price currently trades at $0.00000925 and with an intraday loss of 1.7%, it teases a breakdown below minor support of $0.0000092. This breakdown could plunge the prices by 4.3% to hit the aforementioned support trendline.
If the demand pressure at this support persists, the Shiba Inu coin witnessed a notable reversal to $0.0000105, projecting a potential gain of 14%.
Also Read: SHIB, BONE, & LEASH Prices Jump Amid WoofSwap’s Shibmap Bridging Plan
Is Shiba Inu Coin Ready For Sustainable Growth?
An analysis of the broader time frame shows that the SHIB price is following a steady downtrend under the influence of a falling wedge pattern. This chart setup active for nearly 2 years indicates the asset continues to witness selling pressure on a bullish bounce.
The anticipated rally to $0.0000105 should provide buyers another opportunity to escape the range of wedge patterns. This breakout will give a better signal for trend change in the Shiba Inu coin.
- Exponential Moving Average: The long-term EMAs(100 and 200) accentuate the current market trend is sideways.
- Moving Average Convergence Divergence: A bullish crossover between MACD and the signal line indicates the short-term trend is reflecting a positive outlook.
Related Article: Crypto Headlines of The Week: Bitcoin, Solana, & Shiba Inu Fuels Inferences
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
24 Hours volume
$135.23M
Market Cap
$3.42B
Max Supply
1000T
Related Articles
- Peter Brandt Flips Bullish, Predicts Bitcoin Rally As Price Holds Above $70k
- XRP News: Institutional Use Case Expands as Doppler Finance Integrates WXRP for Multi-Chain Access
- Trump Tariffs: Bitcoin Faces Fresh Headwinds as 15% Global Tariffs Begin This Week Amid Iran War
- Bitget Unveils ‘Crypto Anti-Bias Pledge’ To Support Women’s Inclusion In Crypto
- U.S.-Iran War: Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict
- COIN Stock Analysis as Bitcoin Retests $72k Ahead of February NFP Data
- Robinhood Stock Price Prediction As Cathie Wood Buys $12M Dip in Bold ARK Move
- Bitcoin Price At Risk? Professor Who Predicted US-Iran War Says America Could Lose
- Gold Price Prediction March 2026: Rally, Crash, or Record Highs?
- RIOT Stock Prediction as Needham, Piper Sandler Slash Target After Earnings
- Cardano Price Outlook As Charles Hoskinson Warns Over CLARITY Act
