Shiba Inu Price Breaks Falling Wedge: Key Levels To Watch
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Shiba Inu (SHIB) has broken out of a falling wedge pattern, potentially signaling a short-term price recovery. Despite a 21% monthly decline, analysts see a possible upward trajectory targeting $0.000034. However, challenges include low trading volume, bearish market sentiment, and a majority of wallet holders currently at a loss.
March 21, 2025 | 6:15 pm
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Technical analysis suggests SHIB might experience a short-term price recovery, with potential support between $0.000014 and $0.000019, despite current bearish market conditions.
Breaking the falling wedge pattern suggests potential bullish momentum. However, low trading volume and overall market sentiment pose risks to the potential recovery.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100