SHIB Monthly Close Above $0.000027 Key to Potential Gains
Shiba Inu (SHIB) is showing signs of life on the monthly charts. I am closely watching the price action, with a potential breakout hinging on the upcoming monthly close.
Crucial Level: $0.000027
A monthly close above $0.000027 could be a bullish catalyst for SHIB. If this level is breached, I project a price surge towards a range of $0.000037 to $0.000045. This represents a potential upside of 37% to 67% from current levels around $0.000024.
Downside Risks Remain
However, caution is advised. A monthly close below $0.000025 could trigger a sell-off, pushing SHIB down to the $0.000018 support level. This translates to a potential decline of 25% from current prices.
I recommend DYOR before trading and investing it.
Crucial Level: $0.000027
A monthly close above $0.000027 could be a bullish catalyst for SHIB. If this level is breached, I project a price surge towards a range of $0.000037 to $0.000045. This represents a potential upside of 37% to 67% from current levels around $0.000024.
Downside Risks Remain
However, caution is advised. A monthly close below $0.000025 could trigger a sell-off, pushing SHIB down to the $0.000018 support level. This translates to a potential decline of 25% from current prices.
I recommend DYOR before trading and investing it.