🔥According to U.Today: $SHIB Surprises Everyone

Shiba Inu has clearly caught most investors off-guard. The meme token broke through the $0.000025 psychological threshold, bounced off the 50 EMA in an explosive manner and is currently eyeing $0.00003.

This sudden surge raises a compelling question: can SHIB maintain its momentum and hit $0.00003? The recent breakout over the resistance at $0.000025 occurred with huge volume, indicating the interest of buyers. The level is both psychological and a technical resistance that SHIB has grappled with in the past. Therefore, crossing above it implies a change in market sentiment and possible further upward moves.

The 50-day EMA is a sign that is heavily in favor of SHIB. Recently, the token has pulled up from the support at this moving average, with a new determination to show the 50 EMA as a strong indicator of bullish sentiment.

A move to test $0.00003, however, comes with some bullish flashes. The successively higher lows and higher highs show that the stock is on an upward trajectory.

The volume spike that comes at the same time of the breakout puts a sting into the case for a bullish run. As such, if the buying pressure persists, the upside target price of $0.00003 can easily come into the picture with SHIB above the 50 EMA. However, possible hurdles cannot be ruled out. The $0.000028 area could play as the temporary resistance. If SHIB consolidates in this area and does some base-building, the case for a further move to $0.00003 would be even stronger.

Another aspect to keep an eye on is, of course, the RSI. It sits near the overbought status. If it moves above this, we may see some short-term selling followed by one more leg upwards.