Shiba

April

Shiba Inu

<p>Crypto analyst Kamaz recently dropped a <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-5000-0-001/">bullish trajectory analysis</a> regarding Shiba Inu on its journey to reaching above the $0.00003 mark again. In his latest update, Kamaz noted three bullish price targets for SHIB in a long position after noting a potential market upswing. Interestingly, this bullish prediction comes amidst a wider market uncertainty and with Shiba Inu registering a bullish reversal in on-chain metrics.&nbsp;</p> 
<h2 id="analyst-drops-bullish-trading-strategy">Analyst Drops Bullish Trading Strategy</h2> 
<p>Kamaz’s <a href="https://x.com/KamazXBT/status/1777576100266152270" rel="nofollow">analysis </a>is based on a 4-hour chart timeframe which he shared on social media. At the time of analysis, SHIB was trading at $0.00002883 and recent candle formation shows the bulls trying to reverse the formation of bearish candles which has already lasted for 24 hours at this point.&nbsp;</p> 
<p>The analyst recommended opening a long position, with three consecutive targets materializing by April 12. The earliest target is just above $0.0003. Particularly, this target coincides with the low of the last candle formation on March 31. If Shiba Inu can break through the $0.00003 resistance level and hold steady above it, this puts Kamaz’s next target just below $0.0000315, which also coincides with the March 21 high of $0.000031336.</p> 
<p>Kamaz’s final SHIB target is at $0.000032930, the crypto’s highest on March 28, representing a 14% increase from the current price level. This small profit potential for reaching the final target makes it interesting to note that Kamaz’s prediction is of a short-term price outlook. SHIB has, in fact, gone past these price targets in the current bull cycle to reach as high as $0.000044 on March 5. However, the crypto has since corrected over 20% from this peak.</p> 
<p>Cryptocurrencies are volatile, so Kamaz’s analysis came with setting a firm stop loss at $0.00002810 to avoid getting caught in a reversal.&nbsp;</p> 
<h2 id="current-shiba-inu-outlook">Current Shiba Inu Outlook</h2> 
<p>According to Kamaz, his analysis was based on various reasons ranging from SHIB turning resistance to support, inside 1-day bullish order block, and inside discount, among others.</p> 
<p>On-chain metrics are also pointing to a bullish reversal for SHIB in the near future. These metrics include <a href="https://bitcoinist.com/shiba-inu-692-billion-shib/" rel="nofollow">increased accumulation</a> from whales and a meteoric surge in SHIB burns. <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-price-recover/">Fundamentals </a>and constant updates from the Shiba Inu team also point to a bullish outlook for the cryptocurrency. One of these is the <a href="https://bitcoinist.com/shiba-inu-major-update-shiba-eternity/" rel="nofollow">recent update</a> for Shiba Eternity, Shiba Inu’s collectible card game.&nbsp;</p> 
<p>According to crypto analyst Armando Patonja, SHIB is on the verge of <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-price-major-breakout/">breaking out</a> of a triangular formation, which could see it surging to the $0.000048 price for the second time this year. Once Shiba Inu breaks $0.000048, the next target is $0.0006, over 100% higher than today’s price.</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/SCbUFh5T/" alt="Shiba inu price chart from Tradingview.com" width="3286" height="1530"></p>

Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu’s Next Leg Up Above $0.00003

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