According to CryptoPotato, the market opened today in green, and Shiba Inu (SHIB) is showing signs of a potential breakout. After a prolonged period of consolidation in August, SHIB appears to have found a bottom, with key support levels holding at $0.000011. Bulls are now focusing on the key resistance level at $0.000014, and if this level is breached, it could signal the start of a new rally.

The end of the downtrend that has persisted for months may be in sight if buyers return and manage to turn the $0.000014 resistance level into support. This week is expected to be decisive for SHIB's future direction, as the price action will determine whether the meme coin can sustain its upward momentum.

The daily Moving Average Convergence Divergence (MACD) indicator turned bullish last week, and the two-day MACD has followed suit. This indicates that buyers are gaining the upper hand, and if this momentum continues, SHIB could enter a sustained uptrend.