This could lead to a new high if the Shiba Inu (SHIB) price can break above these levels!

#shiba⚡ $SHIB

Shiba Inu is progressing slowly but surely due to declining user interest as other meme coins have gained huge volume and are rising accordingly

The possibility of starting a new uptrend now appears as the token has managed to reach one of the crucial resistance bands

Cryptocurrency markets appear to have a long-term impact on events as prices continue their usual trend of consolidating within a narrow range. Although the consolidation was followed by a short rally, the bulls appear to be exhausted as buying volume is below par. Amid the growing interest in meme coins, the most popular coin, Shiba Inu (SHIB), lost its appeal, and thus the price failed to attract the required volume. 

In the past couple of days, after the launch of the ETH ETF, the markets have become a little volatile. Hence, the SHIB price is also gaining some momentum and as a result, it is trying hard to break out of the slow trend to show a major trend soon. However, given the current trading setup, this move may not be easy as the price is approaching the “bearish surrender” zone.  يتبع الجزء 2