The upward trend of SHIB continues, with bulls in control of the market.

Key Support Level: $0.000014

Key Resistance Level: $0.000020

1. SHIB Approaching Key Resistance

After a sharp decline at the beginning of October, buyers have gradually been pushing SHIB higher. Although they haven't yet reached the key resistance at $0.000020, this remains their current target. The last attempt to reach this level was rejected, but another attempt could confirm a bullish sentiment in the market.

2. Uptrend Remains Intact

Since mid-September, SHIB has been forming higher lows, establishing a clear upward trend. As long as this trend persists, buyers have the upper hand. If the bullish pressure continues, the price could quickly approach the key resistance at $0.000020.

3. Daily RSI Confirms Bullish Sentiment

The daily #RSI (Relative Strength Index) has been on an upward trend since August. At the end of September, RSI reached overbought levels above 80, which led to a short-term correction by sellers. Since then, RSI has stabilized above the 50-point mark, indicating bullish tendencies and supporting expectations of higher prices in the future.

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