@Pavlik 30 March 2022

The current price dynamics of Shiba Inu indicates a 65% increase. The price dynamics of Shiba Inu (SHIB) shows that on Monday the bulls took the initiative, using the 55-day simple moving average (SMA) as an entry point, which led to the price soaring to the 200-day SMA at $ 0.00003000. However, the bulls were unable to execute a daily close above this level. This morning during the Asian session, the price of SHIB touched the Fibonacci level of 78.6% at $0.00002782, which opens the way to the Fibonacci level of 61.8% at $ 0.00004490. This means that a whopping 65% increase is within reach. To achieve this goal, a daily close above 78.6% Fibonacci should be enough for the rally to occur at a high pace. It is important for the price of Shiba Inu to rise to $ 0.00003000, which coincides with the 200-day SMA. Technically, this is the most serious technical obstacle that needs to be overcome in order to achieve a 65% profit. If a daily close above this mark is reached, it will be a significant bullish signal that will encourage more investors and day traders to join the market. Their activity can lead to a rapid transition to $0.00003400, which corresponds to the monthly R1. In this case, the price of SHIB will be protected from further growth to $0.00004465 only by the level of $0.00003989, which coincides with the maximum on December 24. This does not guarantee that the SHIB token will set new annual highs, but at least it will reverse the winter downtrend. After this growth, we will see a significant decline as investors will want to lock in and cash out profits. #btc #bitcoin #blockchain #ethereum #eth #cryptocurrency #business #binance #bitcoin #exchange