Shiba Inu (SHIB)

Amid increased price volatility, the Shiba Inu price has recorded a drop of ~4% in the past day with a trading volume of $348.79 million. Moreover, with the recent price rejection, it continues trading within the triangle pattern.

The EMA 50/200-day has displayed increased bullish sentiment in the 1D time frame. Further, with a potential Golden Cross, the SHIB price hints at a potential bullish reversal during the upcoming time.

If the bulls regain momentum, the Shiba Inu price will break out of its triangle pattern and head toward its resistance level of $0.00002350. Conversely, a bearish reversal could pull the price toward its low of $0.0000170. $SHIB