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Shiba Inu due for +10% revaluation as US Dollar weakens substantially

  • Shiba Inu price moves remain limited this week, although the US Dollar is firmly weakening.
  • SHIB traders do not need to do anything but keep buying as a recalibration should bring SHIB to $0.00001000.
  • Expect a squeeze to the upside with a break above the psychological barrier near New Year.

Shiba Inu (SHIB) price action is moving away from the supportive level near $0.00000820, which has been key for November. The level held support and refrained bears from making more lows. As the US Dollar is weakening substantially for the month, that repricing has not happened yet accordingly for SHIB, thus it is a given that this recalibration is set to kick in sooner or later and squeeze quite a lot of bears out of their positions for 2022.

SHIB set to start 2023 with a fresh, clean sheet

Shiba Inu price action has been much battered for 2022 as its staggering decline or meltdown since April has left many traders…

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