#BitcoinKeyZone #SHIBAUSDT

SHIB Sees $0.00003000 For A New Rally And Bulls Aim Higher

Shiba Inu (SHIB) is again attracting attention as it approaches a key price level, with the $0.00002960 barrier proving a challenge for bulls. After continuous advances, market players are wondering whether SHIB can breach this important milestone. A break above this level might spark bullish momentum and a surge. Will the bulls ascend or will SHIB be pressured?

SHIB Price Action: Bullish Surge Ahead?

As it approaches the important $0.00002960 resistance level, SHIB's price movement is improving. A breakthrough may be approaching after this critical price point's consolidation. SHIB's trading above the 100-day Simple Moving Average (SMA) indicates buyer confidence, raising anticipation for an upward surge.

The 4-hour Relative Strength Index (RSI) suggests Shiba Inu may continue rising. The RSI has risen over 50% to 53%, indicating bullish momentum.

This suggests that purchasing pressure is rising and market mood is improving. An RSI over 50% indicates buyers are in charge, which might push SHIB into greater resistance.

Shiba Inu may retreat or consolidate if it fails to break over $0.00002960 barrier with heavy volume. As market sentiment changes, the price may revisit lower support zones. Lack of follow-through over this level may deter buyers, stalling the rise.

Suppose Shiba Inu Breaks Above? $0.00002960

After SHIB breaks $0.00002960 barrier, a bullish surge may ensue. A breakthrough will increase purchasing activity, signifying bull control and driving the price toward $0.00003346 and other higher price goals.

A breach above this level would boost market sentiment and trade activity, sustaining the upward trend. However, continuous buying pressure is needed to keep the price above this important level and prevent a retreat.