SHIB – brief price analysis by CoinTelegraph
Shiba Inu (SHIB) surged above the symmetrical triangle pattern on May 27, indicating that the uncertainty resolved in favor of the bulls.
The 20-day EMA ($0.000025) has started to turn up, and the RSI is in the positive territory, signaling that the bulls have the upper hand. There is a minor resistance at $0.000030, but it is likely to be crossed. The SHIB/USDT pair may then climb to $0.000033.
If the price turns down from the current level, it is likely to find support at the moving averages. The bears will have to pull the price below the support line to start a decline toward the 78.6% retracement level of $0.000017.
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