SHIBA INU is trading at the time of publication of the forecast at the level of 0.00002552, they continue to move within the framework of growth and left the limits of the downward channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are again testing the area between the signal lines, 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 not worth considering an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.00002425. From where a rebound is expected again and an attempt to continue the rise of the SHIBA INU cryptocurrency with a potential target above the level of 0.00003205.
SHIBA INU Crypto Forecast March 4, 2022
An additional signal in favor of the rise in SHIB/USD 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 upper border of the bearish channel. Cancellation of the option for the rise of the SHIBA INU cryptocurrency will be a fall and a breakdown of the area of 0.00002205. This will indicate a breakdown of the support area and a continuation of the fall of SHIB/USD quotes with a target below the level of 0.00001725. The growth of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00002945.
SHIBA INU Crypto Forecast March 4, 2022 suggests an attempt to develop a correction of the coin and a test of the support area near the level of 0.00002425. Then, continued growth to the area above the level of 0.00003205. An additional signal in favor of the rise of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 0.00002205. This will indicate the continued fall of the cryptocurrency with the target below the level of 0.00001725.
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