Recently, Shiba Inu (SHIB) has not performed well in this MEME trend.

However, SHIB suddenly broke through the psychological threshold of $0.000025, bounced off the 50-day EMA in a strong manner and is now targeting $0.00003. This surge raises an important question: Can SHIB maintain the momentum and reach this goal?

The significant increase in trading volume indicates that buyers are interested in breaking the $0.000025 resistance level. This level is both psychological and technical resistance, and SHIB has been difficult to break through before.

Therefore, this breakout signals a shift in market sentiment that could fuel further gains.

The 50-day EMA is an important signal for SHIB.

The coin has recently bounced off the support of this moving average and is seen as a strong indicator of bullish sentiment.

Still, testing the move towards $0.00003 has its challenges. Consecutive higher lows and higher highs indicate that SHIB is on an upward trajectory, while the surge in volume accompanying the breakout also supports the bullish trend.

If buying pressure persists and SHIB remains above the 50-day EMA, the $0.00003 price target could be achieved.

However, potential headwinds still need to be noted. The $0.000028 area may act as temporary resistance.

If SHIB consolidates and establishes a base in this area, the likelihood of a further move towards $0.00003 will increase. Additionally, the RSI is near overbought status.

A break above this level could lead to a short-term sell-off before another leg higher. $SHIB #贝莱德IBIT比特币持有量反超灰度GBTC #MtGox钱包动态 #现货以太坊ETF获美SEC批准