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Shiba Inu Rally Ahead? SHIB Targets $0.00001765 as Bulls Defend Support
- Shiba Inu has strong support at $0.00001100 and recently surged past $0.00001170.
- A double-bottom pattern suggests a target of $0.00001765, indicating a potential 70% upside.
- RSI at 42.30 indicates early bullish divergence, with a breakout above $0.00001194 being crucial.
- Shiba Inu touched a weekly low of $0.00001160, facing a 1.5% decline amidst market volatility.
- Analysts see a possible bullish reversal with a double-bottom pattern and a neckline breakout at $0.00001765.
- SHIB is clinging to critical support at $0.0000102, last seen in April.
- Shiba Inu's recovery signals a potential trend reversal if it closes above $0.00001200.
- The SHIB burn rate has decreased, with 19 million tokens burned in the last 24 hours.
- Analysts suggest bullish long-term price targets for SHIB at $0.0000135, $0.00001567, and $0.00001700.
- Over 410 trillion SHIB tokens have been burned to enhance scarcity and long-term price growth.
- CoinCodex forecasts a price range of $0.00001701 to $0.00001947 for SHIB by December 2025.
- Bullish sentiment persists among investors with positive price projections for Shiba Inu.
- SHIB's recent recovery indicates renewed buying interest and potential reversal of bearish momentum.
- Technical indicators hint at a favorable outlook for SHIB's price movement.
- The meme coin aims for a breakout above key resistance levels for sustained upward momentum.
- Shiba Inu's price movements are closely monitored for potential trend shifts and price targets.
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