Shiba Inu Price Prediction: TradingView Analyst Pinpoints Make-or-Break Support Level for Explosive Move
Shiba Inu teeters on the edge—again. A TradingView analyst just flagged a critical support level that could send the meme coin soaring or crashing. No vague promises here—just the hard lines that matter.
The Do-or-Die Zone
Forget hopium-fueled price targets. The chart shows one concrete level holding SHIB’s fate. Break it, and bulls might finally get their rocket fuel. Lose it, and well… enjoy the discount.
Traders Are Watching—Not HODLing
Volume’s ticking up, but let’s be real—this isn’t institutional money. It’s degens and day traders playing hot potato with a dog-themed asset. Classic crypto.
The Bottom Line
Support holds? Party time. Fails? Another ‘buy the dip’ narrative for bagholders. Either way, grab popcorn—this won’t be boring.
One trader has shared his view of what could happen to SHIB if this decline continue and has signaled a strong area of support at $0.00001050 from which the price could bounce.
If this area holds, it would favor a bullish Shiba Inu price prediction with a target of around $0.00002400 that would represent gains of more than 110%.
Shiba Inu Price Prediction: SHIB Would Eye the 200-Day EMA First
Shiba Inu (SHIB) has been on a downtrend ever since its short-term exponential moving averages (EMAs) made a bearish crossover.
The 9-day EMA moved below the 21-day EMA in late May, triggering a sell signal known as a ‘death cross’ that typically anticipates big losses.
The Relative Strength Index (RSI) is on a downtrend as well and is nearing oversold territory already, meaning that the trend is strong.
At this point, the price action seems to be determined to tag that $0.00001050 support in the next few days. A first bounce could push SHIB to retest its short-term EMAs first.
A bullish breakout above that target would confirm this bullish Shiba Inu price prediction. Next up, the 200-day EMA would be the first target to watch.
Even though meme coins have been experiencing a wave of negative momentum lately, the best crypto presales like Solaxy (SOLX) could still deliver significant gains after they are launched and listed on exchanges.
Solaxy (SOLX) Releases Launch Schedule With Only 5 Days Left for the End of Its Presale
Solaxy (SOLX) is a layer-2 scaling protocol for the solana blockchain that eliminates the congestion issues that have affected this network in the past.
The project achieves this by bundling transactions offline in a side chain to alleviate the mainnet’s burden during peak usage periods.
The developing team has just released a launch schedule for Solaxy that sets a date for the L2 mainnet’s release on July 7.
Once the Solaxy L2 becomes widely adopted by top exchanges and wallets, the demand for its utility token, $SOLX, will likely explode. In addition, the project currently offers attractive staking rewards 78%.
To buy $SOLX at its discounted price before the token launches, head to the Solaxy website and connect your wallet (e.g. Best Wallet). You can either swap USDT or SOL for this token or use a bank card to invest.
