👉Shiba Inu (SHIB) has surged past the $0.000028 mark, a significant psychological threshold, and is now poised to approach the next resistance at $0.00003 without encountering major technical barriers. This price rally, driven largely by increased buying, is a positive sign for SHIB holders.
👉The cryptocurrency has also moved above its 50-day moving average, indicating a strong upward trend. The 200-day moving average remains well below the current price, further supporting a bullish outlook. Volume trends, which are crucial for validating price moves, have shown a descending pattern alongside the price surge.
👉Looking ahead, the $0.00003 level is a key psychological and round number resistance. If SHIB can maintain its position above this level, it could pave the way for more substantial gains. However, with the RSI nearing the overbought zone, some short-term selling pressure may be imminent. Overall, sustained buying volume could lead to further price increases.
👉Disclaimer: This is not trading advice. Bitcoinworld.co.in is not responsible for any investment decisions made based on this information. Conduct independent research or consult a professional before making any investment choices.
