How did Shiba Inu price perform yesterday?
The dogecoin killer consolidated within Elliott Wave 4, following a bounce off the 38.2% Fibonacci retracement target of the corrective wave at 0.00002944.
TA wise, what can we expect from SHIB today?
The Shiba Inu price is likely to continue the sideways move between the tested support at 0.00002944 and 0.00003532, the Elliott wave 5 validation level. The preference is for an upward resolution towards 0.00003989/ 0.00004071.
Alternative, a daily close below 0.00002944 is likely to lead to a deeper pause to the 50% retracement support at 0.00002775.
FA wise, what can drive the price to the anticipated targets?
An anticipated upward drive towards the target at 0.00003989/ 0.00004071 could be driven by a successful take up of Shiba Lands, a new initiative by Shiba Inu developers to enter the metaverse and claim market share against rivals Axie Infinity, Sandbox and Decentraland.
The dogecoin killer consolidated within Elliott Wave 4, following a bounce off the 38.2% Fibonacci retracement target of the corrective wave at 0.00002944.
TA wise, what can we expect from SHIB today?
The Shiba Inu price is likely to continue the sideways move between the tested support at 0.00002944 and 0.00003532, the Elliott wave 5 validation level. The preference is for an upward resolution towards 0.00003989/ 0.00004071.
Alternative, a daily close below 0.00002944 is likely to lead to a deeper pause to the 50% retracement support at 0.00002775.
FA wise, what can drive the price to the anticipated targets?
An anticipated upward drive towards the target at 0.00003989/ 0.00004071 could be driven by a successful take up of Shiba Lands, a new initiative by Shiba Inu developers to enter the metaverse and claim market share against rivals Axie Infinity, Sandbox and Decentraland.
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