$SHIB

🐶 Shiba Inu Price Hints at Bullish Breakout 🚀

Shiba Inu Price Analysis

- Support Retest: SHIB successfully retested its important support level of $0.00002375.

- Weekly Surge: Price surged by 8.95% over the past week.

- Daily Gains: Added 19.89% with a 120% surge in trading volume over the past day.

- Yearly Growth: Increased by 174.26% this year, indicating rising investor interest.

Technical Indicators

- Resistance Trendline: Price is nearing the resistance trendline this week.

- Simple Moving Average (SMA): Displays a bullish crossover, suggesting a positive outlook.

- Relative Strength Index (RSI): Retested its midpoint in the 1D timeframe, showing a significant uptrend towards the overbought range.

Potential Outcomes

- Bullish Breakout: If bulls breach the resistance trendline, SHIB may test the upper resistance level of $0.00003950.

- Trend Reversal: If reversed, the price could plunge back to the support level of $0.00002375.

Stay tuned as Shiba Inu continues to capture investor attention and displays strong bullish potential.

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