Krutika Adani
Shiba Inu may cross $0.000027 by the end of August as a bullish pennant pattern has formed on its daily charts.
The crypto has recently witnessed an increased whale activity and this has contributed to a 50% increase in the network activity.
Shiba Inu crashed from a level of $0.000045 in May and has been in a downtrend since then.
The bad performance of Bitcoin combined with the WazirX dump has caused Shiba to face a declining price trend.
Shiba Inu has a support at $0.000015 which may not break anytime soon. On the upside, resistances are at $0.000027 and $0.000035 before the crypto reaches its 2024 high.