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Shiba Inu price ready to retrace before SHIB enters new uptrend

  • Shiba Inu price seems bound for a short-lived correction.
  • A spike in selling pressure could push SHIB to 0.0000080.
  • If this support level holds, the meme-coin could rebound to start a new uptrend.
Shiba Inu price ready to retrace before SHIB enters new uptrend
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu price appears like it could pull back briefly before targeting higher highs. 

Shiba Inu price seems primed to recover 

In the following video, FXStreet's analysts evaluate where Shiba Inu price could be heading next as it seems bound for a correction.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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