Analysis $SHIB : likely recovery

According to the daily chart, key resistance is located around $0.000028. A recent pullback pushed the price down to $0.000026, however, bulls are fiercely defending this zone. Furthermore, the Moving Average Convergence Divergence (MACD) indicator remains in the positive zone. MACD is a technical oscillator that measures the relationship between two exponential moving averages to assess momentum. When the indicator declines, it signifies bearish momentum.

However, in the case of SHIB, it is in the green zone, indicating positive momentum around. If it persists, the price could rise to $0.000030. In the most bullish scenario, Shiba Inu could reach $0.000035. However, if bears take over, the token could drop to $0.000021. With increased selling, a decline to $0.000017 is possible. $ACT $DOT