๐ Shiba Inu (SHIB) Gearing Up for a Surge! But Key Levels Stand in the Way! ๐ฅ
Shiba Inu (SHIB) recently broke out from a falling wedge pattern, signaling potential for a strong bullish move! With SHIB currently trading at $0.00001735 and facing its first resistance at $0.00001911, the momentum looks promising.
๐ However, it will need to clear key levels to sustain a rally:
๐ Immediate Resistance: $0.00001911
๐ Major Barrier: $0.00002869
Key Indicators Supporting Bullish Momentum ๐
โญStochastic RSI: Indicates an oversold condition, suggesting a rebound.
โญMACD: Shows early signs of a bullish crossover.
โญExchange Reserves: Declining, which means reduced selling pressure as tokens are moving off exchanges.
โญLong/Short Ratio: With more long positions, sentiment leans bullish! ๐
With technical indicators in favor, SHIB might just be ready for a rally if it can overcome these resistance points.
Could we see a new rally on the horizon? ๐
#shibaโก B #CryptoNews๐๐ฅ #Bullish #USElections2024Countdown
