LIVEđ According to U.Today Analytics: $SHIB Hits Ceiling
Shiba Inu approaches the resistance posed by the 21-day Exponential Moving Average (EMA). If SHIB can surpass this resistance, it may signal the beginning of a rally, leading to a potential acceleration in price growth.
Looking closely at the SHIB chart, we notice that the price moves near $0.00002756, closely challenging the 21 EMA. This movement comes after SHIB's price experienced a considerable surge, followed by a period of consolidation. The key to future momentum will be whether SHIB can maintain its strength and break through the EMA line.
A definitive break above the 21 EMA could open the door to a further recovery, with the next resistance possibly around the $0.00003 mark. This area may act as a new challenge for SHIB, where it has previously encountered selling pressure.
Conversely, support levels are clearly established. The first level of significant support is found at approximately $0.00002256, a region where SHIB has found buyers in the past. If the price were to fall below this level, the next major support is around $0.00001941, which might serve as a stronger line of defense for the price to rebound.
