Bitcoin soars and meme coins rise, Shiba Inu prices are expected to break through significantly 🔥🔥🔥

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SHIB needs to break through resistance to confirm the uptrend

SHIB needs to break through the $0.00003 resistance level to confirm the uptrend. BTC rising to $106,000 has boosted SHIB's bullish sentiment.

BBP and MACD show weakening bullish momentum

Under the current pressure, BBP and MACD indicators show that SHIB's bullish momentum is weakening. The price of SHIB is about $0.00002747, fluctuating between $0.00002687 and $0.00002826.

BBP values indicate bulls still have the upper hand, but the bullish trend is slowing, with the MACD line approaching the signal line, and the histogram bars decreasing, which may indicate a bearish trend reversal.

Average price closing above $0.00003 will strengthen the uptrend

Average price closing above $0.00003 will enhance SHIB's upward trend, potentially pushing the price to $0.000035.

Bitcoin's rise boosts market sentiment

Bitcoin rising to $106,000, achieving its best weekly performance since 2021, has boosted market sentiment, with capital flowing into altcoins, including SHIB. Other meme coins also experienced positive price movements.

SHIB faces bearish pressure threat

If SHIB's price fails to break through $0.00003, it may retreat to $0.000026 or lower to $0.000025. The $0.000025 to $0.00003 range is crucial for SHIB's trend.

SHIB's outlook is positive but requires favorable market conditions

Despite the price hovering around the resistance level, experts remain optimistic about SHIB's prospects. Increased investor participation, the ongoing Bitcoin bull market, and capital shifting to other meme currencies are key driving factors. Breaking through $0.00003 may indicate further upward movement.

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