Shiba Inu Price Predictiom 2022: Before SHIB rallies 30%, SHIBA price gives a purchasing chance

After its recent run-up, Shiba Inu prices have been trending sideways. Furthermore, this union occurs after a retracement, putting SHIB in a deep rebate state, preparing for an inversion.

Price forecast for Shiba Inus

Between December 20 and December 23, 2021, the value of Shiba Inus increased by about 40%, resulting in a swing high of $0.0000399. The liquidity lying above the swing highs up to December 4 was accumulated throughout this run-up.

SHIB may provide a chance to acquire at the retest of the $0.0000269 to $0.0000293 demand zone in certain situations.

If the Shiba Inu price fails to stay above the demand zone, which ranges from $0.0000269 to $0.0000293, it indicates a lack of purchasing pressure and that investors are taking profits.

A four-hour candle closure below $0.0000269 will result in a lower bottom, invalidating the bullish thesis for Shiba Inu price. SHIB might retest the prompt help level at $0.0000237 in this case.

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