Chiba coin investors are trying to reach $1. Will they succeed????

The meme currency - which attracted the attention of the digital currency market - Shiba Inu-SHIB witnessed a significant rise of 10.17% within 24 hours to reach $0.000022, which means its market value reached $12,968,327,843, ranking it 11th on the CoinMarketCap website. Its circulating supply amounts to 589 trillion coins, with the market continuing to be enthusiastic about it despite the fact that there is no maximum limit on its supply.

Shiba Inu price forecast

Analysis of the price chart on a 4-hour time frame for Shiba Inu reveals important levels for understanding the trajectory of the price movement in the near term. The pivot point is located at $0.000021, which is the basis of the current trading range. Resistance levels are located at $0.000024, $0.000026, and $0.000028, which They constitute potential obstacles to the upward movement of the Shiba Inu, and on the other hand, the support levels are located at $0.000019, $0.000018, and $0.000017, which can limit any price decline below them.