SHIB's New Growth?

SHIB's price shows signs of recovery after a correction, with a break in the downtrend line. Traders await stabilization and bullish patterns for potential uptrend resumption, while bearish patterns could lead to further declines.

4/24/20241 min read

SHIB price chart indicating a potential recovery after a correction, with a break in the downtrend l
SHIB price chart indicating a potential recovery after a correction, with a break in the downtrend l

The price of SHIB, after reaching a defined resistance area and experiencing a price correction, is now beginning to grow again. This growth has been accompanied by a break in the downtrend line, and if the price can stabilize in the four-hour timeframe and form a strong bullish pattern, there is a possibility of resuming the uptrend. Conversely, if strong bearish patterns form, the price is expected to decrease again.