#SHIB

Trade Shiba now . . bullish sentiments returning ❤❤❤❤$SHIB

𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙋𝙧𝙞𝙘𝙚 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙞𝙤𝙣- 𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙍𝙚𝙘𝙤𝙫𝙚𝙧𝙮 𝙖𝙨 𝙒𝙝𝙖𝙡𝙚𝙨 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 400𝘽 𝙎𝙃𝙄𝘽 𝘿𝙚𝙨𝙥𝙞𝙩𝙚 𝘾𝙧𝙖𝙨𝙝𝙞𝙣𝙜 𝙋𝙧𝙞𝙘𝙚

Shiba Inu price has crashed today, August 2, with a 1.79% drop to trade at $0.000012. Despite this fall, an analyst says that recovery is not far away. He notes that it might get to $0.0000239. Considering that 1 trillion SHIB tokens are no longer on exchanges, his forecast might play out.

Shiba Inu price might be crashing, but bulls are not giving up. Analyst Joe Swanson is among these bullish traders. In a recent X post, he points out two patterns that suggest gains might happen soon.

The first is a cup and handle. He draws out how this pattern has come to be from the May highs, to June lows, and the most recent July highs. However, it was after reaching $0.00001597 that the SHIB price started to drop again. Swanson is not worried about this correction. In his analysis, he says it just confirms that Shiba Inu might make another leg up. He adds that the correction is the handle of this bullish pattern.

Oftentimes, the cup and handle pattern shows the price is taking time to cool off before it starts the next stage of an uptrend. In that case, getting to resistance at $0.00001710 is possible. After this, SHIB price will push further by another 36% to get to $0.0000239.

To sum up, the ongoing drop in SHIB price has not watered down bullish forecasts. Instead, one analyst says it might be the price getting a breather before its next rally. Whales and a spike in SHIB burns are also adding weight to the possibility of recovery happening.