SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003220, they continue to move within the framework of growth and have left the limits of the downward channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is not worth considering an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of 0.00002995. From where a rebound is expected again and an attempt to continue the rise of the SHIBA INU cryptocurrency with a potential target above the level of 0.00004005.
SHIBA INU Crypto Forecast January 14, 2022
An additional signal in favor of the rise in SHIB/USD quotes for tomorrow will be a rebound from the resistance line on the relative strength index (RSI), which was broken up by buyers. The second signal will be a rebound from the upper border of the descending channel. Cancellation of the growth option for the SHIBA INU cryptocurrency will be a fall and a breakdown of the 0.00002725 area. This will indicate a breakdown of the support area and a continued decline in SHIB/USD quotes with a target below the level of 0.00001755. The rise of the cryptocurrency will be confirmed by a breakdown of the resistance area and closing of quotes above the level of 0.00003405.
SHIBA INU Crypto Forecast January 14, 2022 suggests an attempt to develop a correction of the coin and a test of the support area near the level of 0.00002995. Then, the continuation of the rise to the area above the level of 0.00004005. An additional signal in favor of the growth of SHIBA INU will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 0.00002725. This will indicate a continued decline in the cryptocurrency with a target below the level of 0.00001755.