SHIBA INU is trading at the time of publication of the forecast at the level of 0.00002388, continues to move within the fall and has left the bullish correction channel. Moving averages indicate a short-term bullish trend for the coin. Prices have broken through the area with downward signal lines, which indicates pressure from sellers of the coin and a potential continuation of the fall from current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area near the level of 0.00002505. From where a rebound downwards is again expected and an attempt to continue the fall of the SHIBA INU cryptocurrency with a potential target below the level of 0.00001805.
Shiba Inu forecast for June 5, 2024
An additional signal in favor of reducing the quotes of the SHIB/USD asset for tomorrow will be a rebound from the resistance line on the relative strength index. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option with a fall in the SHIBA INU cryptocurrency will be a strong growth and a breakdown of the area of 0.00002805. This will indicate a breakdown of the resistance area and continued growth of SHIB/USD quotes with a target above the level of 0.00003505. Confirmation of the fall of the cryptocurrency will be a breakdown of the support area and closing of quotes below the level of 0.00002205.
Shiba Inu forecast for June 5, 2024 suggests an attempt to develop a correction of the coin and a test of the resistance area near the level of 0.00002505. Then, the fall continues to the area below the level of 0.00003005. An additional signal in favor of reducing SHIBA INU will be a test of the trend line on the relative strength indicator (RSI). Cancellation of the fall option will be a strong growth and breakdown of the area 0.00002355. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00001985.
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