Shiba Inu price analysis

Shiba Inu ($SHIB ) has been sustaining above the 20-day EMA ($0.000022), but the bulls are struggling to start a strong rebound

The first sign of strength will be a close above $0.000026.

If that happens, the $SHIB /USDT pair could climb to $0.000030.

Sellers will pose a strong challenge at $0.000030, but if the bulls prevail, the pair will complete a bullish inverted head-and-shoulders pattern.

The pair could rally to $0.000039 and then to $0.000047.

Alternatively, if the price turns down and breaks below the 20-day EMA, it will signal that the bulls are losing their grip. The pair may slump to the 50-day SMA ($0.000019).

Source: CoinTelegraph