Shiba Inu (SHIB) Will Reach $0.00003 If This Forma

If This Formation Realizes, Shiba Inu (SHIB) Will Reach $0.00003

The double—bottomed model, noted for its "W" shape, is often seen as a strong sign of a potential reversal from a downtrend to an uptrend - this is exactly what #ShibaInu needs right now.

Currently, the #SHIB is trading around $ 0.00002824, but if the double-bottomed model offers too much hope, we may witness a climb towards the $0.00003 mark. This pattern is typically confirmed when the price rises above the resistance level that marks the top of the "W". This resistance for SHIB is currently seen at $0.000029, just above recent highs.

A successful break above this level could indeed be the lifesaver of the rally, pulling the CRAP out of the recent price declines and setting it up for a significant recovery. However, for this ascension scenario to be valid, the ship must not only overcome this resistance, but also maintain acceleration to confirm that the reversal is real.If the SHIB can keep the price above the double-dip peak, the next target will be the resistance level at $0.00003. Overcoming this resistance could attract more buyers and potentially lead to a more solid rally.

On the downside, if SHIB fails to maintain momentum and falls below the support level of the double dip at $ 0.00001989, the probability of a strong reversal decreases. Such a move could signal that the market is not ready for a rally yet, and SHIB may see further consolidation and even a decline before any potential uptrend materializes.

For now, Shiba Inu is in a state of consolidation, and it is too early to say whether Shiba Inu will have a bullish future. If we are lucky enough, the model mentioned above will appear and we will see a reversal.

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