$SHIB SHIB recovery efforts, what's next?
The Shiba Inu brings a lot of promise
Recently, the Shiba Inu price broke above a descending resistance line that has been in place since March 2024. This suggests that the previous correction may have ended and SHIB may start an uptrend new.
It is worth noting that SHIB price has managed to hold above the 50-day exponential moving average, thereby giving buyers more confidence.
The nearest horizontal resistance is found at $0.0000263. A break above this level will confirm the start of a new uptrend. The price could then rally to the next resistance level at $0.0000323, which is 32% above the current price level.