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Time Your Entry With Precision

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The year 2020 was a great year for meme coins and a lot of new crypto millionaires were made, mostly those that invested in the SHIBA INU token. So far, the proclaimed DOGECOIN killer has matured into a stable and reliable project with practical use cases.

The SHIB coin has been in a bullish trajectory since creation, and all through 2021 only experiencing short-term corrections. However, the recent bearish outlook across the crypto market gives many concerns as to if they should hold on to their stash of SHIBs or even buy more.

 Many will like to know what the future holds for the SHIB token Price  in 2022 and in five years. Well, look to know further. In this post, we’ll cover all the details you need to know about the SHIB Inu price predictions, trading ranges, and profit targets when trading the SHIB token for a long-term holding.

SHIBA INU Coin Price Prediction 2022

SHIB

The SHIB coin has been setting higher highs and higher lows since its inception as shown on the monthly chart snippet of the SHIBUSDT above. An increase in selling pressure since a breakdown of the bearish closing inside bar support (0.00003562) on 01 December ’21 suggests a start of the current correction wave.

However, the famous meme coin will likely find support within the $0.00000943 and $0.00000507 support zone as buyers have already started to build up positions within the price zone. 

Upon bouncing off our estimated price range ($0.00000943 and $0.00000507) this year, we are optimistic that the SHIBUSDT coin would attract a surge in demand which would then force the price into a bullish trajectory, towards the $0.00008368 (target 1), which aligns with the Fibonacci extension level when considering the May ’21 high and low as a swing high and swing low levels.

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