Elliot Wave indicates to 0.000117 for Shiba Inu, indicating a purchase opportunity.

The price of the Shiba Inu bounces back above critical support levels.
According to Elliot Wave Analysis, a rise towards $0.000117 is imminent.
In order for Shiba Inu to expand higher, some conditions must be met, since negative concerns persist.
The Shiba Inu price saw strong purchasing pressure in the final hours of Friday’s trading session, finishing 37 percent higher than the previous day’s low. To validate a fresh bullish expansion phase, bulls must push Shiba Inu over two additional resistance zones.

Wave 5 has just begun, according to Shiba Inu Elliot Wave Analysis.

While Shiba Inu price movement is turbulent and unpredictable, the way it has traded in relation to the Elliot Wave Theory is practically textbook. Based on the assumption that Wave 4 finished right on the 61.8 percent Fibonacci retracement at $0.000043, the price range in which Wave 5 is most likely to conclude may be predicted. Those who claim that the 61.8 percent Fibonacci retracement low on Friday does not qualify as a Wave 4 should recall the rule: Wave 4 must surpass Wave 3. Wave 4 seldom exceeds 50% of Wave 3 — but this is a suggestion, not a requirement.