#SHIB

✅$SHIB price analysis from current market data.
✅🔥 Figure-1 depicts that SHİB is currently testing and bouncing near resistance zone of descending channel. If it fails to break the resistance then it may be possible it will retest the central support zone of the channel from where prices may bounce and after which the price will possibly continue to move upward with a range of $0.00008-0.0001. Shib is showing good movement and already up 70% from the recent dump.
✅🔥 Figure-2 chart displays that if $SHIB fails to break resistance of descending channel then the price may dump and touch the bottom of the channel but remains within the descending channel and it is possible $SHIB will rebound from support of the channel. Bounce from support will be strong and possibly it may break the upper resistance of the descending channel and price continues to move upward. This is a quite strong case for upward movement.
✅🔥 Spot buyers, if they bought at higher price then wait for $SHIB to come around the center or lower zone of the descending channel and then can do DCA and HODL for gains. It is also an observation from data and market cap that SHIB will do 4-5x during the bull market. Therefore stay calm and go with the market flow and also understand the present situation of the market. Memecoins are Frontline army of bull run this season.
Analysis may become invalid if these conditions fail in other extreme circumstances.
📝PLEASE PRESS FOLLOW if you like and agree with the idea and want more information about other crypto currencies. DYOR for financial activities. This information is only for learning and education purposes. Thank you.

#ContentStar #比特币 #HotTopicDiscussion #BTC #BountyCreator #GateioBountyCreator