The Shiba Inu price rise is far from ended; SHIB is aiming for $0.00007.

As the RSI indicates to overbought, the Shiba Inu price takes a respite.
Nasdaq, Tesla, and Bitcoin all provided significant tailwinds for the SHIB price.
In this upswing, drawing Fibonacci retracements suggests where price may move next.

Since Friday, the Shiba Inu price has soared, yielding a 61 percent gain for investors. Today, however, the SHIB price is taking a break, giving bulls the opportunity to add to their SHIB positions. A Fibonacci retracement from the all-time low suggests that the uptrend still has 83 percent left to go, with a possible objective of $0.00007364.

Shiba Inu prices are expected to rise by another 83 percent.

Traders who purchased Shiba Inu at $0.00002775 made a profit of about 61 percent on their investment. As the Shiba Inu price hovers at $0.00004465, new purchasers and those looking to re-enter the market may do so for $0.00004000. SHIB price has previously broken through this level twice, but it is now being seen as support, with bulls defending the level in order to maintain the rally.

Monthly pivots do not appear to have had a role in the upswing in SHIB pricing. Fibonacci retracements, on the other hand, are a different…