SHIBA INU ends the trading week at 0.00003440 and continues to move within the fall and the descending price channel. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the SHIB/USD rate forecast for the next trading week, we should expect 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 0.00003705. From where a rebound is expected again and an attempt to drop the SHIBA INU cryptocurrency with a potential target below the level of 0.00002705.
SHIBA INU Weekly Forecast January 3 — 7, 2022
An additional signal in favor of a fall in SHIB/USD quotes in the current trading week January 3 — 7, 2022 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 option of falling SHIBA INU cryptocurrency next trading week will be a strong growth and a breakdown of the 0.00004205 area. This will indicate a breakdown of the resistance area and a continued rise in SHIB/USD quotes with a target above the level of 0.00005505. Confirmation of a decline in cryptocurrency will be a breakdown of the support area and closing of quotations below the level of 0.00003205, which will indicate a breakdown of the lower border of the bullish correction channel.
SHIBA INU Weekly Forecast January 3 — 7, 2022 implies an attempt to test the resistance area near the level of 0.00003705. Then the continuation of the fall to the area below the level of 0.00002705. An additional signal in favor of the fall of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the reduction option will be a strong growth and a breakdown of the 0.00004205 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 0.00005505.
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