SHIBA INU (SHIB) TEST RESISTANCE AMID WARNING BULLISH MOMENTUM!

Shiba Inu (SHIB) is currently testing resistance levels as its bullish momentum starts to wane. Despite a 14% surge in the past week, SHIB's Relative Strength Index (RSI) has dropped to 60.8, indicating a moderate bullish phase.

This suggests that while there's still room for growth, the token's price might not continue to rise indefinitely.

The Average Directional Index (ADX) also shows that SHIB is still in an uptrend, but weakening, with a reading of 28.1. This decline in ADX, combined with the rise in selling pressure, could lead to a correction in SHIB's price.

However, some analysts predict that SHIB could test resistance levels at $0.0000249, potentially leading to a 23.6% upside.

If this level is broken, SHIB's price could continue its upward trajectory, targeting $0.000026 and potentially $0.0000298.

It's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. As Arthur Hayes, former CEO of BitMEX, predicts, the crypto market might peak in mid-March 2025, followed by a severe correction.