Shiba Inu will resurrect the bullish view if SHIB remains above this important support level.

Shiba Inu prices continue to fall as lower lows are recorded, unable to reverse the period of underperformance.
However, the current chart pattern shows that SHIB may be in for a 42 percent leap if it can overcome the remaining resistances ahead.
To avoid invalidating the optimistic outlook, the canine-themed cryptocurrency must remain above $0.00003457.

Shiba Inu price activity has failed to pique the interest of investors, as SHIB continues to make lower lows and lower highs. Although the trend of the canine-themed token has switched to the negative, the current chart pattern implies that a slice over $0.00004457 might place a 42 percent on the radar.

Shiba Inu prices are expected to rise by 42%.

On the 12-hour chart, Shiba Inu price has formed a falling wedge formation, indicating a positive outlook for the token. If the dog-themed coin cuts over the pattern’s topside trend line at $0.00004457, the ruling technical pattern suggests that SHIB might soar 42 percent toward the 61.8 percent Fibonacci retracement level at $0.00006363.

Before the Shiba Inu price to attain the aforementioned optimistic aim, SHIB must overcome a few…