It has been trading just below the overhead resistance of $0.000020, indicating that the bulls have maintained the pressure.
The 20-day EMA ($0.000017) is sloping up, and the RSI is in positive territory, indicating the possibility of a breakout. If the price closes above $0.000020, the SHIB/USDT pair will complete an inverted H&S pattern. This reversal setup has a target objective of $0.000028.
If the bears want to avoid the upside, they will have to quickly pull the price below the 20-day EMA. If they do that, the pair could drop to the 50-day SMA ($0.000015), extending its stay inside the $0.000012 to $0.000020 range.
