Shiba Inu

<ul><li>SHIB&#39;s bullish trend targets $0.0001, fueled by recent gains and high trading volume.</li><li>Breaking resistance at $0.00002495 could lead to significant gains, but failure risks retesting lower supports.</li><li>RSI of 50.91 and CMF of -0.02 indicate consolidation with mild selling pressure, but no significant impact on price.</li></ul>The cryptocurrency market is abuzz with speculation about the potential for Shiba Inu (SHIB) to reach $0.0001 this June as highlighted by <a href="https://x.com/army_shiba/status/1797533912434167933" rel="noopener noreferrer nofollow">$SHIB KNIGHT</a>, an analyst. The price of SHIB stands at $0.00002494 at press time, with a recent increase indicating an upward trend.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b5a60973202f4766a0c8b2a19e89383c.png" />Historically, <a href="https://cryptotale.org/shiba-inu-outperforms-major-cryptos-to-rank-second-on-robinhoods-top-gainers-list/" rel="noopener noreferrer nofollow">SHIB </a>experienced a dramatic spike followed by a steep decline. Since then, the price has stabilized, showing minor fluctuations and a period of consolidation. The lowest support level observed on the chart is around $0.00000001, serving as a long-term safety net. More immediately, support is found near the current price of $0.00002494, where the price has seen some consolidation and minor upward movement.On the resistance side, the immediate level to watch is $0.00002495. If SHIB can break through this level, it could pave the way for further gains. A significant resistance level is marked by the green arrow at $0.00010001, which represents a major price target and psychological barrier for many traders. Intermediate resistance levels at $0.00005000 and $0.00001500 also warrant attention, as historical price action has shown reactions around these levels.<a href="https://cryptotale.org/shiba-inus-crucial-support-and-resistance-levels-will-it-reach-0-0001/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Shiba Inu's Crucial Support and Resistance Levels: Will It Reach $0.0001?

CryptoTale

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