According to Analsit Filip L., the Shiba Inu price is preparing with a 125% breakout to $0.000089. Shiba Inu price retested its November low on Friday. SHIB price has calmed down as markets reassess the situation with the new Covid variant today. Detail Cryptocoin. com
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Where is the Shiba Inu getting ready?
Buying opportunities could be seen in SHIB as investors’ concerns about the new Covid variant begin to subside. Expect further recovery on the buy side to mark the start of a new long-term uptrend towards $0.00008870. According to him, Shiba Inu price will start a new long-term uptrend cycle. The price action this weekend shows an increase in buying volume, with SHIB price moving away from the low of $0.00003500. SHIB price, 61%. It is facing its first real test near $0.00004465, where the 8 Fibonacci levels and the 55-day Simple Moving Average (SMA) are located.
Analyst, the aforementioned 61% of bulls. He expects a fairly easy break of the 8 Fibonacci level and the 55-day SMA followed by a rapid retracement to 50% Fibonacci at $0.00005690. According to the analyst, expect this bull run to be there for most of December by the end of the year as the current tailwinds persist and even pick up speed. If more negative news emerges about the current Covid variant, expect investors to make a quick change with riskier assets. This will mean that SHIB price quickly drops to $0.00003500 and will likely set a new low for November and December. 78% of $0.00002782. The 6 Fibonacci levels have yet to prove to retest the October 23 bounce and could also provide a mid-term support for the Shiba Inu price.
