#SHIB

Trade Shiba now . . . bullish trends❤❤❤❤$SHIB

𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙎𝙝𝙞𝙗𝙖 𝙄𝙣𝙪 𝙋𝙧𝙞𝙘𝙚 𝙍𝙖𝙡𝙡𝙮 𝘼𝙨 𝙒𝙝𝙖𝙡𝙚 𝙏𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙖𝙣𝙙 𝙀𝙭𝙘𝙝𝙖𝙣𝙜𝙚 𝙊𝙪𝙩𝙛𝙡𝙤𝙬𝙨 𝙎𝙥𝙞𝙠𝙚- 𝙏𝙞𝙢𝙚 𝙩𝙤 𝘽𝙪𝙮?

Shiba Inu price attempted to rebound yesterday but without success. Today, August 5, SHIB trades at $0.0000127 with a 0.27% decrease in 24 hours. However, an analyst opines that Shiba Inu can get to $0.000016. His forecast comes when both whale transactions and exchange outflows are rising.

Analyst SHIB Knight believes SHIB has a shot at reaching $0.000016, thanks to a falling wedge pattern that has been taking shape. While this pattern does not guarantee a rally on its own, it often points to a shift in momentum, but only if the price moves above resistance.

That breakout appears to be underway now. SHIB Knight notes that the price of Shiba Inu has already moved above the wedge’s upper line, a sign that the token could be gearing up for a bigger move. How far the price will rise after this pattern forms depends on the height of the support to resistance. The analyst says that this might take Shiba Inu to $0.000014 or $0.000016. In case of the latter, a 33% surge might be on the cards for SHIB.

A 30% rally for the Shiba Inu price is only for the short term. As for the long-term Shiba Inu price forecast 2025, more gains might be on track.

There were growing concerns recently that SHIB whales had exited the scene. However, fresh on-chain data is starting to ease those worries. Large holders now seem to be returning, hinting at renewed interest and a possible shift in sentiment around SHIB.