SHIB Poised for Growth Amid Altcoin Season Hype

SHIB has shown strong growth over the past month, rising nearly 38%. Over the past week, it has gained over 7%. The price is hovering around the 10-day and 100-day simple moving averages, indicating consolidation.

With the closest resistance at $0.00002027, SHIB may be poised to break above this level. If that happens, the next target will be $0.00002304. This would represent a significant upside from current levels.

The relative strength index is just above 40, suggesting there is room for upward movement. As the market gears up for a potential altcoin season, SHIB may be poised to ride this wave and reach new heights.

Conclusion

In the 2024 bull run, coins like XRP and SHIB may offer less short-term potential. DOGEN stands out as a meme token for those seeking luxury and success.

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