$SHIB : Update 📈

$SHIB remains bearish on the daily chart. What does it need to flip momentum and move higher?

In recent days, $SHIB was trading within a descending triangle pattern, which is typically bearish. However, the asset has completed a significant dump almost within the previous wick.

Shiba Inu is now attempting to move back above what was the support of the descending triangle pattern, which has now flipped into a strong resistance zone.

To flip the momentum to bullish, #SHIB must successfully reclaim this key zone at $0.00001130. A confirmed breakout and hold above this resistance would open the path for a potential move toward the $0.00001220 to $0.00001280+ range.

SHIB

0.0₅877

+0.11%