$SHIB price prediction: After outdoing $PEPE , will Shiba Inu surge another 15%? - AMBCrypto Analytics

The recent report highlighted the short-term bullish metrics of SHIB and how they generated a buy signal. On the 6-hour chart, a session close above the range highs at $0.000017 has occurred.

The Awesome Oscillator also noted a bullish crossover and was rising higher to reflect the growing upward momentum. The CMF has been above +0.04 over the past week, a sign that buying pressure was consistent.

This concerted effort has begun to pay dividends. To the north, the $0.00002-$0.000021 supply zone was the immediate bullish target.

The higher timeframe charts such as daily and weekly showed that the memecoin has not bucked the gradual downtrend it has been on since April.

The technical analysis showcased a bullish SHIB price prediction, but data from the Futures market showed participants were wary of the momentum.

The Funding Rate was negative despite the price gains, and the Open Interest did not increase over the weekend.

The liquidations chart showed short positions liquidated in the late hours of Sunday, which should fuel further price hikes.

Overall, the wider market disbelief might be turned into FOMO if Shiba Inu continues to climb.