Shiba Inu (SHIB) is up 17% this week. The daily chart shows that the price is ready to cross upward the 20-day exponential moving average (EMA). This technical indicator calculates the average trading price of an asset over the last 20 days. It evaluates short-term price trends and helps identify potential entry and exit points.

When the price is ready to break the MA from below, this is a bullish signal. In the case of SHIB, the price has remained below the 20-day EMA since June 7th. Therefore, a bullish breakout would be a significant signal of a change in momentum and potential growth. If this happens, the token could break above $0.000016.