$SHIB

It has been trading between the 20-day EMA ($0.000024) and the overhead resistance at $0.000029 for the past few days.

The strong bounce off the 20-day EMA on November 27 suggests that the bulls continue to defend the level. Buyers will attempt to push the price towards $0.000030, a crucial resistance to watch. A break and close above $0.000030 will complete an inverted head and shoulders pattern.

On the other hand, a break and close below the 20-day EMA suggests that the bulls have given up. The SHIB/USDT pair could decline to $0.000022 and then to the formidable support at $0.000020.