Good x2-x3 growth of SHIBA INU price is still ahead

2022年10月31日

The SHIBUSDT price broke through the trend-falling channel much earlier than the DOGEUSDT price in mid-August this year.
However, it seems that the buyers of the "older brother" of DOGE are much more because, over the past week, the value of DOGECOIN has grown +150%.

SHIBUSD buyers were able to raise the price by only +50% over the past week, which is 3 times weaker than the price of DOGEUSD, but it is higher than the average result in the cryptocurrency market in general.

In our opinion, the SHIBAINU price will still be in consolidation for some time before starting a global upward trend movement.

Therefore, we have estimated two possible scenarios for the SHIBUSD price behavior:
1. Blue - more pessimistic, if the price fails to update the high in the coming days, and sellers will beat the price down, letting the shadows from above. In this case, the correction itself may be delayed and will be deeper, in the area of $0.00001
2. White is more positive if SHIBA buyers can update the price high to $0.000017 in the coming days. The possibility of such a course of events is fueled by the fact that we expect the price of BTCUSDT to continue to grow

Looking at the chart of SHIBUSDT globally, we can see 2 liquidity levels $0.000024 and $0.000035, which in the future can act as a magnet for medium-term price growth goals.
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