Shiba Inu Analyst Maintains Bullish Outlook for SHIB Despite Weekly Decline

Quick Summary:

Despite experiencing an 11% decline over the past week and touching a multi-week low of $0.00001853, Shiba Inu’s market structure maintains elements of bullish potential according to seasoned analysts.

The meme coin currently faces resistance at $0.00003343, a level that has proven challenging to overcome in recent attempts.

Conversely, bullish momentum could drive the price toward the 0.618 extension at $0.000031247.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Altcoin News SHIB Shiba Inu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 13:30:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 269 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24696840

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 17 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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