🐶How high can Shiba Inu rise in June🐶

🐶SHIB may rise SHIB recently broke out of a descending triangle pattern, reaching an important technical milestone. The breakout was marked by a price close above the upper trendline, which could indicate the start of a long-term uptrend.

🐶One important technical indicator supporting this positive outlook is the alignment of the 50-day and 100-day moving averages. Currently, the 50-day moving average is above the 100-day moving average, indicating a medium-term bullish crossover. However, SHIB's price remains below both moving averages, highlighting the need for sustained upward momentum to confirm a long-term bullish trend.

🐶The RSI indicator is around 45, which is in neutral territory. To build a solid foundation for potential gains, SHIB must maintain its position above key support levels, particularly around $0.000021 and $0.00001817. Staying above these levels could provide a solid foundation for a future uptrend.

🐶On the contrary, the immediate resistance level to monitor is around $0.000024. A break above this resistance level could test the next important resistance level at $0.000026. Overcoming these resistance levels through strong trading volume could lead to a longer rally.

🐶SHIB forecasts a bright future, with an expected increase of 227.43%, which could reach $0.00007788 by June 14, 2024. Market sentiment remains bullish based on various technical indicators. The Fear and Greed Index is 64, indicating greed among investors.

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