SHIBA INU is trading at the time of the publication of the forecast at 0.00001589, continuing to move within the framework of strong growth and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a downward correction in the value of a digital asset and a test of the support area near the level of 0.00001375. From where a rebound is expected again and an attempt to continue the growth of the SHIBA INU cryptocurrency with a potential target above the level of 0.00002625.
SHIBA INU Crypto Forecast August 17, 2022
An additional signal in favor of the growth of SHIB/USD asset quotes for tomorrow will be a rebound from the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00001105 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below the level of 0.00000805. The growth of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00001965, which will indicate a breakdown of the upper limit of the bullish channel.
SHIBA INU Crypto Forecast August 17, 2022 suggests an attempt to develop a correction of the coin and a test of the support area near the level of 0.00001375. Then, continued growth to the area above the level of 0.00002625. An additional signal in favor of the growth of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the rise option will be a fall and a breakdown of the 0.00001105 area. This will indicate the continued fall of the cryptocurrency with the target below the level of 0.00000805.
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