#SHIBUSDT hits a new high

At the end of May, SHIB hit a new high and in early June it hit a new low. This indicates that an uptrend may be about to begin. This is not surprising considering that other meme coins such as PEPE have been hitting new records. If buyers maintain this momentum, the current target is the resistance level of $0.000030. (Figure 1)

Even if sellers try to break below this level, the price still has good support at $0.000025. As long as this key level remains, buyers have the upper hand. The momentum has also turned bullish, which puts sellers on the defensive. (Figure 2)

June may be the month when SHIB finally returns to the spotlight. After a long period of consolidation in April and May, momentum indicators show that buyers have returned. For example, the MACD histogram on the 3-day time frame shows clear highs and lows. A bullish crossover seems to be approaching and will confirm this bias. (Figure 3)

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