SHIBA INU ends the trading week at 0.00001318 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. 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 in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.00001405. From where a rebound down is expected again and an attempt to continue the fall of the SHIBA INU cryptocurrency with a potential target below the level of 0.00000775.
SHIBA INU Forecast February 27 — March 3, 2023
An additional signal in favor of a decrease in SHIB/USD quotes in the current trading week February 27 — March 3, 2023 will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the fall option for the SHIBA INU cryptocurrency in the next trading week will be a strong growth and a breakdown of the 0.00001735 area. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00002165. The fall of the cryptocurrency will be confirmed by a breakdown of the support area and closing of quotes below the level of 0.00001165, which will indicate a breakdown of the lower border of the bullish correction channel.
SHIBA INU Forecast February 27 — March 3, 2023 suggests an attempt to test the support area near the level of 0.00001405. Then the continuation of the fall to the area above the level of 0.00000775. 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 0.00001735. This will indicate a continued decline in the cryptocurrency with a target below the level of 0.00002165.
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