$SHIB Simplified technical analysis of Shiba Inu (SHIB) - dated May 8, 2025
Current price: approximately $0.0000127
General trend:
Short term: Moderate bullish signals
Medium and long term: Cautious with mixed signals
Notable technical pattern: Breakout from a "descending wedge" pattern which is usually a positive signal
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Entry, stop-loss, and target points:
Suggested entry point: 0.00001327
Stop loss: 0.00001032
Potential targets:
Target 1: 0.00001510
Target 2: 0.00001850
Target 3: 0.00002110
Target 4: 0.00002460
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Important notes:
The price may see a correction in June towards 0.0000118 according to some analyses.
Strict capital management is recommended due to market volatility.
This analysis is not considered direct financial advice, only for educational purposes.
