The Shiba Inu correction is over and buyers are once again pushing for new highs. Let's look at a few technical indicators that could explain the rise in SHIB price today.

1. Buyers Return

Key support at $0.000025 held and did not allow the SHIB price to fall lower. This encouraged the bulls to return. Since yesterday, the volume of purchases has increased sharply, which also pushed the price up.

2. Overcoming key resistance?

If the current rally continues, SHIB could test key resistance at $0.000037 for a second time. Usually in a bull market the second attempt is successful. There is still some distance to reach this point, but this meme coin is known for its fast movement when buyers return.

3. MACD confirms the bullish trend

Similar to ETH, Shiba Inu also made a bullish cross on the 12h MACD, confirming the buyers' advantage. This could soon challenge local resistance ahead of new highs.