Analysis $SHIB : Signs of Upward Trend Formation
The SHIB/USDT chart on the 1-day timeframe shows positive signals. The current price is 0.00001341 USD, down 2.61% in 24 hours, but technical indicators suggest bullish potential. The EMA(7) (0.00001350) and EMA(25) (0.00001279) are crossing, with EMA(7) moving up, signaling a short-term upward trend. RSI(6) reached 52.22, above the neutral level, indicating increasing buying momentum.
Trading volume (VOL: 129.70T) has increased significantly, especially with the green bars, reflecting overwhelming buying pressure. The Bollinger Bands (MB: 0.00001283) are also expanding, indicating increased price volatility, often accompanied by a new trend.
Positive: $SHIB is forming a bullish trend, supported by significant buying volume and positive technical indicators. If it breaks through the resistance at 0.00001567, SHIB could make a strong breakout, attracting more investors.