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(SHIB) stabilizing after the recent correction in the cryptocurrency market. However, analysts see signs of recovery, indicating a possible upward trend. Shiba Inu is testing a horizontal support level after a massive 5000% Shiborin drop. Market sentiment points to a potential uptrend, focusing on the $0.00047 target if buying pressure increases.
The price of SHIBA INU (SHIB) remains strong: Is there a $0.00047 increase coming?
Cryptocurrency analyst expects a potential rise in the price of Shiba Inu as technical indicators point to an upward trend. Price targets are set at $0.000085171, $0.000183312, and $0.000472905, reflecting bullish sentiment. With Bitcoin's dominance waning, Shiba Inu may gain momentum in the market.
The analyst confirms the positive technical expectations, indicating strong resistance and support levels for the SHIB stock. In case of increased buying pressure, the price may reach the expected targets.