Expert Opinion: Bullish on $SHIB

1) Symmetrical Triangle Pattern: The price of SHIB has formed a symmetrical triangle on the weekly chart and may break out soon. After the breakout, price fluctuations could be rapid, especially with volume support.

2) Volume and Accumulation: There is significant buying interest within the current price range, which could form strong support. A breakout of the triangle may drive prices higher, but due to a lack of practicality, the upward trend may be difficult to maintain.

3) RSI and Momentum: The RSI shows bullish signals, which may indicate a rise in the short term. However, it's important to note that this rise could be temporary and may be followed by a pullback.

4) Resistance Levels: The price encounters resistance at the purple trend line and needs to break through this level to confirm an upward trend. If a successful breakout occurs, it may rebound towards 0.00004000, but volatility will be high, and traders are advised to consider taking profits.

Follow me! Get more expert opinions! #内容挖矿