Shiba Inu (#SHİBA )

The second-largest memecoin seems to be preparing to break out of the barrier that has been holding for three and a half months. Shiba Inu is currently testing local resistance at $0.00001961.

If successful, SHIB will face the $0.00002093 level, which has served as an important support and resistance in the past. The $0.00002093 - $0.00002976 range is a consolidation zone, but SHIB may gradually gain the necessary momentum to break out of this range.

However, failure to break out of either of the two resistance levels threatens to dampen optimism. In this case, SHIB risks returning to the $0.00001699 mark and even falling to $0.00001462.