- summary:
- Shiba Inu Price shows a renewed momentum after leaving a narrow unification phase. What is the following of the meme code?
Shiba Inu Price shows a renewed momentum after leaving a narrow monotheism, as it is traded at $ 0.00001314 at the time of the press. This modest height comes at a time when the Meme symbol tries to build on the last upward signals in the broader Altcoin space. Rib is approximately 2.6 % this week. This hints to a feeling with the market recovery from an extended withdrawal.
Mixed signals are still remaining despite the payment of RSI
RSI is currently 56.73, indicating a healthy recovery without wandering in the peak purchase area. However, merchants remain cautious, given the history of SHIBS for sharp fake tumors during early stage gatherings.
MACD printed an upper intersection for the first time since April, indicating that momentum could be under the surface.
The main levels and levels of support for Jiba Eno
Immediate support is seen at $ 0.00001291, which was a critical floor throughout the month of March.
The upcoming resistance at 0.00001565 dollars, with an increase in the upward trend at 0.00001739 dollars
A break higher than 0.00001565 dollars would represent the first major height over more than a month and can re -climb speculation about 0.00001939 dollars and 0.00002153 dollars.
Pisces and network expansion remains very important
The scales on the chain show a moderate rise in the accumulation of whales and social participation. However, concerns about the stagnation of the burning rate and the lack of expansion of the ecosystem are still in the opposite wind. Unless the Shiba Inu Dev team is brought up with network stimuli such as SHIBARIUM updates or major drainage integration, the SHIB bullish trend may remain short -term.
conclusion
As is the case, SHIBANU is in the recovery phase with a decent technical structure, but a confirmation is required higher than 0.00001565 to turn the entire narration in favor of the bulls. The next 48 hours are the key because merchants on the edges of the Weath SHIB sound power to check this penetration or if it is another false dawn in the Meme Coin area.
