- SHIB shows potential for 422% gain if it breaks key resistance levels.
- SHIB needs to surpass $0.000018-$0.000022 for a confirmed uptrend.
- MACD and RSI indicate current bearish pressure but possible rebound.
Shiba Inu (SHIB) has just caught the attention of analysts, who are predicting a possible breakout based on a technical formation. According to market analyst Javon Marks, SHIB looks like it has broken out of a Falling Wedge pattern, which could set the stage for a price increase.
If this breakout holds true, SHIB might skyrocket over 422%, possibly reaching a new all-time high of $0.00008841. However, certain price resistance levels must be cleared before any upward movement can happen.
$SHIB (Shiba Inu) in a larger sense looks to currently broken out of an extremely notable Falling Wedge pattern and prices could be set for a run to new All Time Highs in result!
This run could consist of an over 422% increase to $0.00008841 and higher… pic.twitter.com/sPiwaRugrr
— JAVON
Falling Wedge Pattern: SHIB’s Springboard to New Highs
The current technical analysis of Shiba Inu shows the formation of a Falling Wedge patter…
The post Shiba Inu (SHIB) Breakout Alert: Analyst Sees 422% Surge to New Highs appeared first on Coin Edition.
Source: https://coinedition.com/shiba-inu-shib-breakout-alert-analyst-sees-422-surge-to-new-highs/