🚀 Shiba Inu (SHIB) Gearing Up for a Surge! But Key Levels Stand in the Way! 🔥
Shiba Inu (SHIB) recently broke out from a falling wedge pattern, signaling potential for a strong bullish move! With SHIB currently trading at $0.00001735 and facing its first resistance at $0.00001911, the momentum looks promising.
🌟 However, it will need to clear key levels to sustain a rally:
🔑 Immediate Resistance: $0.00001911
🔑 Major Barrier: $0.00002869
Key Indicators Supporting Bullish Momentum 📊
⭐Stochastic RSI: Indicates an oversold condition, suggesting a rebound.
⭐MACD: Shows early signs of a bullish crossover.
⭐Exchange Reserves: Declining, which means reduced selling pressure as tokens are moving off exchanges.
⭐Long/Short Ratio: With more long positions, sentiment leans bullish! 📈
With technical indicators in favor, SHIB might just be ready for a rally if it can overcome these resistance points.
Could we see a new rally on the horizon? 👀
