Shiba Inu [SHIB] Price & Analysis

Shiba Inu [SHIB] Price & Analysis on June 4, 2021. A bottom reversal technical pattern is now forming on the price chart of the Shiba Inu [SHIB], which gives rise to a massive bullish breakout ahead. It is therefore imperative that Shiba Inu close above this support level to begin an upswing.

Two distinct valleys have formed in SHIB price action since May 20. With its narrow v-shaped bottom, Adam represents the first swing low, after which Eve is defined by its rounded bottom.

In view of this formation, a 30% upswing is projected to $0.0000146 as a bottom reversal. By measuring the swing low and swing high of each valley and adding them together, the target is created.

Shiba Inu price will confirm its breakout when it closes above $0.0000109 within a 4-hour period.

SHIB price could rise another 9% to $0.0000159 if the bullish momentum continues.

A continued downturn in the price of Shiba Inu, however, will undermine the bullish outlook. It will invalidate the bullish outlook if the sellers can close below $0.00000784.

The SHIB price will confirm a downward trend if it crosses beneath the swing low of $0.00000731, reached on May 29.