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Trading King

08/28 11:35

SHIB Price Forecast:

SHIB Price Forecast: Signs of recovery 

Shiba Inu price found support around its daily level at $0.000011 on Tuesday and recovered 5%. At the time of writing on Thursday, it hovers at around $0.000012.

If SHIB continues its recovery, it could extend the gains toward its 200-day EMA at $0.000014.

The RSI indicator is pointing upward toward its neutral level of 50, indicating fading bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.

1000054812

On the other hand, if SHIB faces a correction, it could extend the decline toward its daily support at $0.000011.
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