Shiba INU price maintained a significant descending trend ever since the asset achieved the 2022 highs. However, the asset quickly flipped as it reached $0.0000210 levels and ignited a significant uptrend. After brief consolidation at $0.00002400, the price further raised high to test the crucial $0.00002800. Woefully, the asset faced a minor rejection which was followed by a consolidation. Yet some of the levels are extremely important to test in order to maintain a strong uptrend.
For a pretty long time, the SHIB price traded within a huge descending triangle. Moreover, after displaying a fake breakout, they again plunged to the same levels yet again. Currently, the asset appears to have entered a huge demand zone where-in the resurgence of the bulls makes huge rounds of noise. And hence the price is currently primed to test the $0.00003500 level as its primary target for the next couple of days.
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