When can Shiba Inu (SHIB), which has been on the rise after Bitcoin broke records, see new highs?$SHIB
After Bitcoin reached its all-time high (ATH) at $106,600, the Shiba Inu price has entered a remarkable uptrend. While there is a general momentum in the crypto market, expectations for the price of SHIB have also increased. With the continued positive sentiment in the market, analysts are evaluating the possibility of Shiba Inu reaching a new ATH. The positive movements in memecoins are strengthening this expectation. So, what indicators should Shiba Inu investors pay attention to?
A cryptocurrency expert states that SHIB is currently testing the critical resistance level between $0.000027 and $0.000030. According to analysts, if this level is exceeded, the rise may accelerate. If SHIB passes this resistance zone, there is a high probability of a climb towards its previous peak. It is also stated that a bullish formation has formed in SHIB and this may trigger a strong upward movement in the short term. It was emphasized that the $0.000030 level must be exceeded in order for the momentum to increase.
With the positive trend of the market, this bullish wave could open the way for SHIB to $0.00008845 (ATH). The trend of memecoins will be a determining factor in this process. If a new bullish wave begins in memecoins, it may be possible for Shiba Inu to reach ATH. However, if the outflow of money from memecoins increases, negative signals may occur for SHIB.