$SHIB Shiba Inu Holds $0.00001350 as Technical Indicators Hint at Bullish Momentum
Shiba Inu is holding steady around $0.00001350 after rebounding from a recent resistance level near $0.000015. Analysts anticipate a potential move toward the $0.000017–$0.000018 range if current momentum continues. With an RSI of 62, SHIB maintains bullish momentum without entering overbought territory, and the MACD also shows a positive crossover, reinforcing the bullish sentiment. SHIB’s market cap currently stands at $8.05 billion.
While SHIB’s strong community support remains a cornerstone of its appeal, broader market sentiment is shifting toward projects that combine utility with cultural appeal. Developers are responding with Shibarium scaling upgrades, aiming to enhance the project’s technical foundation and competitiveness.
A breakout above SHIB’s descending-channel resistance could signal renewed leadership in the altcoin space, positioning the token for its next leg upward.
