Shiba Inu Projected to Outperform Dogecoin by 95%

Analysis from Sistine Research indicates that Shiba Inu (SHIB) has established a solid support zone between 0.00008 and 0.000105 DOGE, consistently recovering from this range. The firm predicts SHIB may rally towards its upper resistance, potentially reaching 0.00019 DOGE, marking a 95% increase from current levels.

SHIB's Critical Support and Resistance Levels

Sistine Research's chart reveals a consistent support and resistance range that has influenced SHIB's price since mid-2021. SHIB/DOGE has primarily traded within two price levels:

• Lower support: 0.00008 to 0.000105 DOGE
• Upper resistance: 0.00019 to 0.00023 DOGE

SHIB's price has repeatedly bounced off the lower support, indicating strong buying interest. Conversely, the upper resistance has presented a barrier to further gains.

SHIB's Potential Rally

Sistine Research forecasts that SHIB could surge towards its upper resistance zone, reaching 0.00019 DOGE. This projection is based on previous recoveries from the support zone.

SHIB/USD Outlook

Similarly, a second chart analyzing SHIB/USD shows a long-term support around $0.000007. SHIB's recent rally towards $0.000045 mirrors its rise against DOGE. However, it has since retreated from this peak.

Currently, SHIB would require a 124% increase to reach Sistine Research's target of $0.000043.