Shiba Inu Coin is about to surge? Key resistance level can't stop it! SHIB targets $0.00003, doubling again is not a dream!
As a meme cryptocurrency, Shiba Inu token experienced a sharp correction in early October, falling to a low of $0.000015489, and then began to steadily recover.
As buyers gradually push the price of SHIB higher, everyone's attention is focused on the key resistance level of $0.000021676. This is its second attempt to break through this level, indicating a bullish trend and attracting the attention of many investors.
Since mid-September, the price of SHIB has been making higher lows, showing a clear upward trend. This positive trend has put buyers in a favorable position and is expected to push the price to hit the key resistance level again.
If this trend continues, SHIB is likely to challenge the $0.000021676 level again, which has stopped it before.
Therefore, buyers are looking forward to this key resistance level, because once it breaks, it may lead to a new round of gains. Moreover, SHIB’s daily RSI (Relative Strength Index) has been showing a strong bullish trend since August. At the end of September, the RSI reached an overbought level of 80, and the price subsequently corrected.
However, the RSI has since stabilized above 50, which shows that the coin still maintains bullish momentum. This RSI level means that SHIB is expected to continue to rise in the short term, showing that its rise is not over yet.
In the past week, SHIB price has increased by 7%, and in the past month, it has increased by 39%. Currently, the price of SHIB is $0.00001847, which is 1.11% higher than the previous 24 hours. These upward trends show that SHIB has strong bullish momentum and is likely to hit the $0.00002 mark in the short term.
