SHIB’s breakout from the descending trendline suggests bullish momentum ahead.
Key support at $0.00001000 could stabilize $SHIB during potential pullbacks.
Strong trading volume indicates heightened investor interest in $SHIB’s upward potential.
Shiba Inu ($SHIB) has shown signs of a potential all-time high (ATH). A crypto Analyst has highlighted breakout from a descending trendline, suggesting bullish reversal in price action.
$SHIB is ready for a New ATH! 
pic.twitter.com/BdXdsCQS4P
— $SHIB KNIGHT (@army_shiba) September 26, 2024
Price Trend Analysis
The price movement of $SHIB/USDT reveals a consistent downward trend characterized by lower highs, depicted by a white descending trendline. This downward trajectory has raised concerns among investors about further declines.
However, the recent breakout above this trendline indicates a possible change in momentum, opening up opportunities for upward movement.
Read also: Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusama’s Remarks
Support and Resistance Levels
It is important to understand support and resistance levels to gauge future price movements. The previous low of $0.000…
The post Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis appeared first on Coin Edition.
