Shiba Inu

SHIB is at a crucial point in its price movement, according to recent chart analysis. The weekly chart suggests two possible scenarios for SHIB, highlighted by key price levels and trendlines. The first path shows SHIB maintaining bullish momentum, supported by a trendline and a demand zone known as D-POI. The second scenario predicts continued upward movement, targeting an extreme point of interest (E-POI).<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlkXUeWSWhaRaCJ3CyMJqEu-D0TT7DIEi1u_iwHMDTZzCz-HlALY3ZgJZE790qGSPSf8G79HCAob0pKRjhNcvmQ7EPKWXs90iUNyrnCTRo1nJQOblxf6FDk1os3lFVz-IuY1c9w1KwrB3lkDWH6BZNnmgb?key&#61;iO-1mc3pH7T80VB73s3ASg" />The trendline plays a significant role in determining the support level for SHIB’s price. So far, the price has bounced along the trendline, keeping the bullish sentiment alive. If this trendline holds, <a href="https://cryptotale.org/is-shib-primed-for-a-turnaround-key-levels-to-watch/" rel="noopener noreferrer nofollow">SHIB</a> could potentially rise towards the D-POI, a critical zone of interest. Traders will watch this area closely, as it may influence the next price move.The D-POI, or Demand Point of Interest, represents a strong support area. This zone has seen previous buyer activity, which could drive the price upward again. SHIB’s price could continue to rise from this level, as long as market sentiment stays positive. Traders looking for bullish confirmation should keep an eye on how SHIB behaves near this zone.<a href="https://cryptotale.org/shib-path-bullish-momentum-or-bearish-move-ahead/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SHIB Path: Bullish Momentum or Bearish Move Ahead?

CryptoTale

Other articles published on Sep 6, 2024

MASHASH Announces Support for Litecoin Mining: Launches a Plan to Earn $2,000 Per Day

Meta’s Stock Outpaces Bitcoin, Ethereum Falters in 2024

VanEck Liquidates Ethereum Futures ETF

Magic Eden Domains Launched With New Features

Worldcoin to Follow Facebook’s Steps for Global Expansion: CEO Alex Blania

Iris Energy Cuts Electricity Costs for Bitcoin Mining from $61,677 to $29,958 per BTC in August

Join our free newsletter for daily crypto updates!