✈️Shiba Inu 🔥$SHIB Price: Analysts' forecasts indicate a 124% increase after breaking key trend lines.
Shiba Inu 💥#mansooralrhyb shows promising signs of a significant price breakout after surpassing two critical downward trendlines that had constrained its movement throughout 2024 and early 2025. The meme token, which reached a low of around $0.00001 in late April, has risen to about $0.0000135 at the time of writing.
#nywlkalrhyb 😉 reveals that SHIB has broken through important resistance levels. The first major downward trend began in March 2024, leading to a series of lower highs and lower lows until SHIB broke this line in late 2024, resulting in a rise to $0.000031.
After this initial breakout, another downward trendline forms as selling pressure continues until 2025. In mid-April 2025, SHIB managed to break through this second level of resistance, which could change market dynamics.
🚨Many indicators point to expectations #meme板块关注热点 . The WaveTrend Oscillator is turning upward after reaching the oversold area below 60. This pattern has historically preceded sustainable increases in SHIB.
The SHIB/USD weekly charts show three key indicators displaying early bullish reversal patterns: RSI, WaveTrend Oscillator, and LMACD. The RSI has stabilized around the 40-45 range after a prolonged decline, creating favorable conditions for upward movement.
🔶🤑The 14-day RSI is currently around 64.47, indicating positive momentum without yet entering the overbought area. This leaves room for further upside, according to analysts at CoinCodex.
