Correction Completed? This Indicator Signals A Reversal Of Shiba Inu

The Shiba Inu (SHIB) is going through a tough time, but far from being a death knell, this correction might well hide a golden opportunity for savvy investors. In the ruthless world of crypto, fluctuations are common, and often, calm precedes the storm. Relying on certain technical indicators, analysts perceive a potential rebound. So, should we succumb to panic or, on the contrary, take advantage of this calm to strengthen our positions?

The price of SHIB on the brink of a reversal

The Shiba Inu has recently flirted with its lower level of Bollinger Bands, an indicator that, for insiders, may signal an imminent rebound. After a 14% drop in just a few days, SHIB bounced back by 9% reaching $0.00001462, a dynamic reminiscent of its previous bullish surges.

Shiba Inu Charts – Source: TradingView

Historically, when the SHIB crypto touches this area on a weekly chart, it tends to string together impressive rises. This is evidenced by the recent 28% ascent in six days following a similar episode.

If the scenario repeats itself, the next target for SHIB would be between $0.0000178 and $0.0000217, representing a potential increase of 13% to 38.9%.

Nakamotion, an experienced investor, also reminds us:

“One must be patient and stop doubting. I have always bought, never sold. My only strategy is to hold until the final goal.”

A mantra that some investors may follow fervently.

The crypto market awaiting a breakout

Big investors, however, do not seem to have thrown in the towel. Despite the decline, some have quietly accumulated 840 billion SHIB this month, proof that the crypto market continues to believe in a turnaround.

These giants anticipate a surge that could wipe out one or two zeros from the price of Shiba Inu .

If SHIB reaches $0.0007, here’s what it would be worth:

• 100 million SHIB : $70,000 ;
• 500 million SHIB : $350,000 ;
• 1 billion SHIB : $700,000.

And if SHIB were to reach $0.005?

• 100 million SHIB : $500,000 ;
• 500 million SHIB : $2.5 million ;
• 1 billion SHIB : $5 million.

Reaching these targets will not come without efforts. For SHIB to rise to these levels, a drastic reduction in supply is necessary, which implies a burn program much more ambitious than the one currently in place.

Shiba Inu: an altcoin always lurking

Even if Shiba Inu seems to have stepped out of the limelight, it remains an indispensable player in the crypto market. Predictions about its future diverge: some analysts believe it will reach $0.0007 by 2030, while others push this deadline to 2034.

Prediction on the evolution of Shiba Inu’s price – Source: Telegaon

Regarding the target of $0.005, estimates range between 2036 and 2040.

Early investors know it: SHIB is not just a fleeting memecoin. It has already proven its ability to defy predictions. If its tumultuous past teaches us anything, it is that underestimating its resilience could cost dearly to those who ignore it.

In conclusion, even if SHIB has passed more unnoticed lately, it is not forgotten. Big investors are still betting big on it , and their strategy hasn’t changed. It remains to be seen whether history will once again prove them right.