$SHIB
🚨 SHIB Price Prediction In Case of an ETF Approval 🚨
The daily chart provides a clear picture of what is going on with Shiba Inu price. This chart reveals that the coin bottomed at $0.00001080 this month. This price was not by accident as it coincided with the lowest level in August last year. It has formed a giant double-bottom pattern at that price, with its neckline at $0.00003340. This pattern often leads to a strong bullish breakout.
Therefore, based on this pattern, one can estimate the potential SHIB price forecast to be the neckline at $0.00003340. A surge to that level would imply a 147% increase from the current level. Also, a jump above that price would signal more gains to last year’s high of $0.00004560, up by 240% from the current level.
On the other hand, the bullish SHIB price will invalidate the double bottom pattern if it fails to hold the key support at $0.00001080. Such a move will point to more downside, potentially to $0.0000077, its November 2023 lows.
