Shiba

Strong

Resistance

Shiba Inu

Coin

<ul class="news-points">
 <li><strong>SHIB could double if it breaks $0.00002871 resistance, targeting $0.00004000 next.</strong></li>
 <li><strong>Strong support at $0.00001600 may sustain SHIB as consolidation hints at a potential breakout.</strong></li>
 <li><strong>SHIB’s RSI at 45.43 shows neutrality as MACD below the signal line suggests short-term downward risk.</strong></li>
</ul>
<p>Shiba Inu (SHIB) presents a potential for doubling in price, given current market trends and sentiment. The cryptocurrency, priced at $0.000017 with a 24-hour trading volume of $205 million, shows intriguing growth potential despite a recent 2.67% dip.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> has a good potential to fill this gap. Target is around 2x from here. <a href="https://t.co/E0Wxq5hZXB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E0Wxq5hZXB</a></p>— $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1817929660300136478?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The first level of resistance for SHIB is established at $0.00002871. This level has in the past served as a major obstacle that hinders any further promotion to a higher level. This resistance must be broken if SHIB is to have a bullish breakout.</p>
<p>Successfully breaking through $0.00002871 could pave the way for a potential price target around $0.00004000. This target aligns with previous price peaks and reflects a significant potential increase.</p>
<p>On the other hand, the immediate suppo…</p>
<p>The post <a href="https://coinedition.com/shiba-inu-faces-key-resistance-at-0-00002871-will-it-break-through/" rel="noopener noreferrer nofollow">Shiba Inu Faces Key Resistance at $0.00002871: Will It Break Through?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Shiba Inu Faces Key Resistance at $0.00002871: Will It Break Through?

Coin Edition

Other articles published on Jul 30, 2024

Tron surpasses Ethereum, Solana in revenue generated over past 24 hours

Hamster Kombat token launch still uncertain as developers cite technical complexity

Major Bitcoin Miners Are Not Capitulating

Last Time This Happened, XRP Price Saw 60,000% Rally

August Bitcoin Rainbow Chart Predicts Significant Increases

Ethereum Plummets 8.5% Following ETF Outflows: Analyzing the Market Reaction

Join our free newsletter for daily crypto updates!