Shiba Inu (SHIB) Breaks Major Resistance Level... Is a Strong Upswing Ahead?
Recently, Shiba Inu (SHIB) has broken through a major resistance level, signaling a strong potential for upward movement.
The current target price is $0.000081, and there is speculation that the price could rise to $0.0001553, indicating a potential increase of approximately 840%.
Bullish Signals and Market Response
🔹 Breaking Major Resistance Level → Possibility of Sustained Uptrend
🔹 Increase in Buying Pressure → Despite recent declines, the price has remained above the breakout level.
🔹 Volume Spike Detected → Expectation of increased market volatility.
According to trader Javon Marks, the recent price movement of Shiba Inu reflects a pattern of strong spikes followed by sharp declines and subsequent recoveries.
This pattern indicates strong buying interest and suggests the possibility of maintaining upward momentum.
Key Resistance Levels and Target Prices
📌 First Target: $0.000081
📌 Second Target: $0.0001553 (+840%)
✅ If it breaks $0.000081, additional upward potential exists.
✅ 393% additional rally expected → If the market reacts positively, reaching the target price is feasible.
Currently, Shiba Inu is forming a consolidation phase and undergoing price adjustments, which could be a signal for a strong surge in the future.
During the adjustment period, momentum is expected to accumulate, leading to a higher price increase.
Conclusion: Is Shiba Inu Building Strong Upside Momentum?
✅ Increased possibility of an upswing due to breaking the major resistance level.
✅ Sustained strong buying pressure → Despite declines, the price remains above support levels.
✅ Long-term consolidation may act as a positive factor.
Shiba Inu is currently on the verge of breaking $0.000081, and successfully surpassing this level could open the path for a rise to $0.0001553.
The upcoming price movements are likely to present significant opportunities for investors. 🚀
This article does not constitute investment advice or financial recommendations. Cryptocurrency investments carry high risks, and the responsibility for any investment decisions lies solely with the investor.
