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SHIB Price Prediction for June 29
As the end of the week approaches, it is essential to discuss the current state of Shiba Inu’s (SHIB) market trend and provide a prediction for its future price movement. According to recent data, SHIB has experienced an incredible surge, skyrocketing by a whopping 11% in just one day.
The daily chart reveals that the rate of SHIB is falling after a false breakout of the local resistance of $0.00001167. If the daily bar closes near the support, it can be expected that the price will break out and test the range of $0.00001140.
From a broader perspective, neither side appears to dominate, as the rate of this meme coin remains far from key levels. Based on the current trend, an accumulation period within the range of $0.00001150-$0.00001180 seems more likely to unfold in the near future.
At press time, SHIB is trading at $0.00001151.
Source: u.today
