SHIBA INU ends the trading week at 0.00001233 and continues to move within the growth and the downward channel. Moving averages indicate a bearish 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. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a fall in the value of the digital asset and test the support area near the level of 0.00001125. 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 0.00002465.
SHIBA INU Weekly Forecast July 25 — 29, 2022
An additional signal in favor of the growth of SHIB/USD quotes in the current trading week July 25 — 29, 2022 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Head and Shoulders” reversal pattern of the channel. Cancellation of the growth option for the SHIBA INU cryptocurrency next trading week will be a fall and a breakdown of the 0.00000645 area. This will indicate a breakdown of the support area and a continued fall in SHIB/USD quotes with a target below the level 0.00000255 The growth of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00001505.
SHIBA INU Weekly Forecast July 25 — 29, 2022 suggests an attempt to test the support area near the level of 0.00001125. Then continued growth to the area above the level of 0.00002465. An additional signal in favor of the rise of SHIBA INU will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 0.00000645 area. This will indicate a continued decline in the cryptocurrency with a target below the level of 0.00000255.
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