Shiba Inu (SHIB) is on the verge of a huge breakthrough.
These are interesting and exciting times for the Shiba Inu. It has collided with the 50-day exponential moving average, which now acts as a barrier between the bullish and bearish states of the meme asset. SHIB may simply be gearing up for a significant price rise, a push that could invigorate the meme coin sector with bullish energy.
Why is the 50 EMA so important? Getting past this could mean the SHIB is picking up speed, ready to leave the pack behind. It is possible that SHIB could soar above the $0.00003 mark if it breaks through this resistance. Reaching this number would be a clear signal: the Bulls are back in town and ready to run.
However, SHIB's journey hasn't been all smooth sailing. It recently fell sharply, pulling back from $0.000045. And now it faces the 50 EMA again. If SHIB can overcome this hurdle, it won't just be about higher prices; it is about the momentum and conviction of investors in the market.
#SHIB🔥🔥 #shiba-inu #SHIBAINU
