$SHIB 🚀 Shiba Inu (SHIB) is currently trading towards new heights $0.00001395 with 4.38% decline in past 24

hours. Here's a technical analysis breakdown

Support Levels:

Strong Support Zone: $0.00001150-$0.0000

1200, aligning with the 0.786 Fibonacci level

Key Support Zone $0.000005-$0.000008

Resictarios Levels:

$0.0000003 (0.786

Fibonacci level)

Descending Trendline:

A major downward trendline is capping

the price movement

Pattern:

Descending

Broadening Wedge

Formation:

A bullish signal on the

Double-Top "M"

Pattern: Indicates potential reversal

Indicators: Relative Strength Inde RSI): overbought te but approaching it Market Sentiment:

Bullish Momentum: Intact, despite recent declineTrading Volume: $174,727,271 in the last 24 hours Predictions:

Short-term Target:

Potential 20%+ increase if support hoids

Long-term Outlook:

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.

Always consider multiple sources and risk management strategies when investing in SHIB