Shiba Inu Price Prediction: Analyst Sees SHIB Bullish Reversal After Major Support Holds

Shiba Inu daily price chart

Key highlights:

  • The SHIB price is testing a major long-term support after losing over 95% since its all-time high
  • Daily and 4-hour charts remain weak as SHIB trades below the 100-day SMA
  • Shibarium upgrades and 781 billion SHIB leaving exchanges give traders more to watch

, the SHIB price could reach $0.000004245, pointing to limited upside from current the level if buyers continue defending support around $0.00000421 and generate enough momentum to reclaim resistance near the 100-day SMA at $0.00000561.

 

Source:: Shiba Inu Price Prediction: Analyst Sees SHIB Bullish Reversal After Major Support Holds