SHIBA INU is showing early signs of a technical rebound—and the chart is lining up for a potential breakout. Here’s why this underdog might be ready to bite:
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1. Price Reversal from Key Support
SHIB is trading at $0.00001457 (+0.48%), bouncing off its recent low of $0.00001388. This level has proven strong support, and price is now pressing against short-term resistance at $0.00001498.
Support respected = Bulls reloading. 🛡️
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2. RSI is Climbing Toward Strength
The RSI(6) is at 61.94, pushing above neutral and into bullish territory. This indicates growing buying pressure. If RSI crosses 70, expect a wave of momentum-driven entries.
Momentum is building steadily. ⚙️🔥
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3. MACD Crossover Looks Imminent
MACD is almost flat:
MACD: 0.00000002 vs Signal: -0.00000008
Just a slight nudge from buyers could flip this into a bullish crossover. That would be a powerful confirmation of trend reversal.
MACD eyes a comeback. 🔄📈
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4. Volume Rising Again
With 97.7B in volume, SHIB is seeing solid participation. Recent green candles show that dip buyers are stepping in with confidence.
Healthy volume = Smart money creeping in. 🧠💸
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5. MA(5) Testing MA(10)
The short-term MA(5) is catching up to MA(10), signaling a possible golden crossover. When that happens, SHIB historically responds with quick, bullish spikes.
Crossroads ahead—watch this closely. ⚡️👀
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Bottom Line:
SHIB is holding strong above a key support and flashing early signs of reversal strength. With RSI up, volume rising, and MACD about to flip, the setup is ripe for a breakout.
Next key levels:
🔹$0.00001498 (short-term resistance)
🔹$0.00001561 and $0.00001623 if bulls push through
This isn’t just hype—it’s technical fuel waiting to ignite.
SHIB may be quiet now, but when it runs... it howls. 🐕🔥
