Shiba

bullish

Strong

Shiba Inu

Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>SHIB’s V-shaped recovery signals strong bullish momentum</li> 
 <li>Key support levels for SHIB are 0.00001276, 0.00001242, and 0.00001197 USDT</li> 
 <li>Traders eye SHIB’s potential breakout above 0.00001385 USDT, anticipating further upward gains.</li> 
</ul> 
Shiba Inu (SHIB) has shown a strong recovery in its price, with the SHIB/USDT pair surging sharply after a significant dip. This rapid rise has caught the attention of many traders, driving the token up to <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="nofollow">0.00001382</a> USDT, reflecting a 4.54% increase. This price action indicates a bullish trend, showing resilience and is now setting new price targets. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfQzXiSeVi1qkDiZCxj-BPyM5YcPWm1uGCVAR_-Xn5wTBtwmBFYYJFaPL4KXFJR7crfKfwfBo0tMufGfIBFzAs5iXJYVYJVgeFVC5VpmJB8C711u4bfmwNyCD4zzg5-eevjrQCKJvsy4uxu1pt88P__QoBj?key=CcAzw_uGMIV4FzIiD2xKOw" alt="">
</figure> 
Source: <a href="https://x.com/army_shiba/status/1820699052444414266?t=0Ce69qHdZ6itA3d5RxrsjQ&amp;s=19" target="_blank" rel="nofollow">X</a> 
According to the readings on the chart, recent price movement formed a V-shape recovery pattern, often seen as a sign of strength. <a href="https://coinedition.com/shiba-inu-faces-key-resistance-at-0-00002871-will-it-break-through/">SHIB</a> quickly bounced back from its low levels. The price is near a resistance level at 0.00001385 USDT. Traders are watching closely to see if SHIB can break through this level. If successful, SHIB could reach higher price targets soon. 
The next resistance levels for SHIB are 0.00001451 USDT and 0.00001557 USDT. Breaking these levels could indicate a continued bullish trend. However, SHIB must first overcome the current resistance at 0.000…
The post <a href="https://coinedition.com/shib-shows-strong-recovery-sets-new-price-targets/">SHIB Shows Strong Recovery, Sets New Price Targets</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SHIB Shows Strong Recovery, Sets New Price Targets

Coin Edition

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