The

Shiba
Inu
price
has
now
entered
a
buy
zone
after
a
crash
that
sent
it
below
the
$0.000017
support.
At
this
point,
it
presents
a
unique
opportunity
for
investors
looking
to
get
into
the
cryptocurrency
at
a
low
price,
especially
as
the
market
looks
toward
another
recovery.

Analyst
Identifies
Buy
Zone
For
SHIB

According
to
crypto
analyst
SHIB
Knight,

the
Shiba
Inu
price
has
fallen
into
another
buy
zone.
The
crypto
analyst

shared
this
development
on
the
X
(formerly
Twitter)
platform,
where
he
attached
a
chart
that
showed
different
major
levels
for
the
meme
coin’s
price.

 

Some
of
the
important
levels
highlighted
in
the
analysis
in
the
$0.00002392,
$0.00002105,
and
$0.00001837.
However,
the
most
important
of
these
lies
below
the
$0.000018
level,
a
decline
that
looks
to
have
created
new
opportunities
for
investors.

As
SHIB
Knight
explains,
this
means
that

the
Shiba
Inu
token
has
now
entered
the
buy
zone,
using
the
weekly
chart
as
a
case
study.
As
is
the
norm
with
crypto
analysis,
there
are
levels
that
bulls
will
need
to
defend
to
trigger
an
uptrend,
and
in
this
case,
the
analyst
identifies
it
around
$0.00001760
and
$0.00001766.

The
crypto
analyst
believes
that
if
the
bulls
are
able
to
defend
this
level,
then
the
price
should
rise
from
here.
“$SHIB
is
on
buy
zone
at
weekly
chart.
Bulls
should
defend
this
zone
for
uptrend,”
the
X
post
read.

AI
Says
Shiba
Inu
Is
Headed
To
$0.00003825

SHIB
Knight’s
analysis
comes
at
an
interesting
time
for

the
Shiba
Inu
price,
where
speculations
are
that
the
meme
coin
is
ready
to
begin
another
uptrend.
One
major
proponent
of

 

the
SHIB
price
recovery
is
the
AI
at
CoinCodex,
which
has

predicted
a
bullish
wave
for
the
meme
coin
over
the
next
few
days.

According
to
the
website,

the
Shiba
Inu
price
could
be
poised
for
over
2x
growth
from
here,
pushing
it
toward
a
new
yearly
all-time
high.
The
precision,
which
is
expected
to
play
out
over
the
next
five
days,
puts
the
price
as
high
as
$0.00003825,
which
is
a
121%
increase
in
price
from
the
current
level.

However,
the
AI
is
not
very
bullish
on
the
SHIB
price
for
the
long-term,
especially
in
the
month
of
July.
While
the
predicting
toward
the
end
of
June
is
bullish,
the
AI
predicts
a
notable
crash
in
price
next
month,
expecting
it
to
fall
as
low
as
$0.00001638,
a
4.98%
decline
from
here.

Presently,
though,
the
Shiba
Inu
price

continues
to
see
pressure
from
bears
and
this
has
held
its
price
down.
It
is
seeing
1.9%
losses
in
the
past
day
and
7.54%
losses
in
the
past
week
to
trade
at
$0.00001715
at
the
time
of
writing.

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson

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