With some strength building within the crypto space, almost all the assets are jumping with a huge magnitude. Also the meme coins like Shiba Inu, Dogecoin are also undergoing a decent uptrend. SHIB price after smashing crucial resistance at $0.00003200 appears to be unstoppable until it attains the next crucial resistance above $0.0000400. Yet the target remains extremely elevated which may be achieved any time from now.
The SHIB price is moving within a predefined plot ever since it flipped from the descending trend. The asset soared high with a consecutive jump of more than 20% in the past couple of days.
More Upside For Shiba Inu (SHIB) Price !
However, the meme token is expected to continue with its bullish trend, and eventually, the Shiba INU price is primed to hit levels above $0.0000500. Yet a couple of barriers may hinder the rally, but the asset may continue to rise towards its target withstanding all the odds.
The SHIB price is currently very close to testing the immediate resistance around $0.00003771 and may test these levels shortly. It is to be noted that the meme coin maintained a healthy trend around these levels for a long time. And hence the funds in and out around $0.00003800 to $0.00004200 is extremely high.
As the asset is regaining its lost levels, the possibility of the traders closing these positions is notably high. On the contrary, as the price is now showcasing extreme bullish momentum the possibilities of withstanding this hurdle also surface the water.
Once done, the Shiba Inu price may roar like a monster and continue to test the upper target effectively. As the asset hits the initial target at $0.00004491, a large chunk of traders are expected to jump in. And hence it may kickstart the bull run for the asset that may achieve the crucial resistance above $0.00005813 after which a new ATH may not be much distinct.
The SHIB price rally during Q4 2021 had uplifted a part of the crypto space and hence it would be interesting to see whether the entire market will be ignited with a bull run this time!
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