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SHIB Price Prediction for April 9
The price of Shiba Inu (SHIB) has bounced off the support of $0.00001028, a significant resistance level, and is currently trading at $0.00001104. According to our analysis, we do not see a clear indication for a sharp move upward in the short term.
In this regard, consolidation in the narrow range of $0.00001050-$0.00001150 is the most likely scenario. This means that bulls may need more time to accumulate energy for a further significant price movement.
From a midterm perspective, one should focus on the weekly candle’s closure near the $0.00001078 level. If it happens far from this mark, there is a chance for a bounce off to the $0.000012 area.
While SHIB continues to be an extremely volatile asset, it is essential to remember that crypto markets are inherently unpredictable and subject to various factors beyond our control. Therefore, we recommend taking a cautious approach when making investment decisions.
Please keep in mind that this article is for informational purposes only and should not be taken as financial advice.
Source: https://u.today/shib-price-prediction-for-april-9-0
