#XRPReclaimsTop3 The weekly time frame $SHIB
chart shows that the price has rallied alongside an ascending support trend line (dashed) since June 2023. More recently, it bounced at the trend line in August (white icon), starting the current upward movement.
At the start of November, SHIB broke out from the $0.0000200 horizontal resistance area and a descending resistance trend line. The trend line existed since the yearly high, so the breakout is a sign the correction has ended.
SHIB reached a high of $0.0000304 before falling slightly. However, it still trades in the middle of the long-term range between $0.0000200 and $0.0000340.
Technical indicators are bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing and above their bullish thresholds. So, the weekly time frame suggests the SHIB price will increase toward the range high of $0.0000340.