Shiba Inu (SHIB) price analysis and comment: Levels to watch

In Shiba Inu (SHIB), where the decentralized exchange ShibaSwap was recently activated, a zig-zag progress continues depending on Bitcoin. ShibaSwap achieved significant success, surpassing $1 billion in total locked assets on the first day. On the other hand, the US-based crypto exchange Coinbase announced last month that it has decided to list the Shiba Inu. The listing has not yet taken place. The listing of SHIB on Coinbase is likely to have a positive impact on the price. Investors are eagerly waiting for SHIB to appear on Coinbase.

What signs does technical analysis give for SHIB? The levels to be followed and possible targets are as follows:

Shiba Inu: SHIB/USDT

Continuing the price movement in the Descending Wedge formation in the 4-hour time frame, our chart has experienced a decrease from the peak of the wedge formation twice. In the declines, 727 sats and 559 sats supports can be followed. 816 and 963 should be followed as resistance levels. If the pricing is above 963, we can say that it has started an upward trend in the medium term.

Disclaimer: What is written here is not investment advice.

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