$SHIB
🚨 Bull Flag Signals Upcoming Shiba Inu Price Rebound 🚨
The one-day Shiba Inu price chart shows that this top meme coin might make a massive rebound to the upside after forming a bull flag pattern. However, for SHIB to confirm a bullish reversal, it needs to overcome resistance at the downward sloping resistance, and if this happens, it may spark a 48% rally to $0.000024.
The AO histogram bars have been rising since crossing above the zero line, an indication that the bullish momentum is growing stronger. This suggests that despite the volatility, SHIB has the potential to make additional gains and rally to as high as the 261.8% Fibonacci level of $0.000029.
However, traders need to watch out for the RSI indicator that is now heading south and making a lower high as it teases a crossover below the signal line. If this crossover happens, and the RSI falls below 50, it may accelerate the downward momentum, triggering a bearish Shiba Inu price prediction and a fall to $0.0000126.
