$SHIB 🧧
📈Shiba Inu Price Analysis: Can SHIB Break Resistance and Hit New ATH?🤔
Shiba Inu (SHIB) has shown promising momentum recently, benefiting from Bitcoin’s historic rally to $106,000. SHIB is now trading near a crucial resistance zone between $0.000027 and $0.000030, which holds the key to its next major move.
If buyers can push SHIB above the $0.000030 barrier, a strong bullish breakout could occur, targeting $0.000035 and possibly $0.00004 in the short term, marking a potential 41% gain. This move could pave the way toward retesting its all-time high (ATH) of $0.00008845 set during the 2021 bull run.
However, technical indicators suggest mixed signals. The MACD has crossed below the signal line, hinting at weakening momentum, while the Awesome Oscillator shows declining bullish strength. If SHIB fails to break above $0.000030, bears may push the price back to $0.000027 or even $0.000025, erasing recent gains.
Market sentiment remains a crucial driver. A breakout in SHIB, supported by optimism from Bitcoin and meme coins like DOGE and PEPE, could trigger renewed investor interest, setting the stage for a new ATH by early 2025. For now, the $0.000030 resistance remains the pivotal level to watch.