Shiba Inu (SHIB) Price Analysis:
#SHIB price is currently changing hands at $0.00001543, with a daily gain of 1.01%, 2.66% weekly spike, and a notable 12.4% monthly spike. Successively, on the 4-hour chart, the momentum has helped it break out of the falling wedge pattern, a technical indicator that often precedes a bullish price action.
Over the past 24 hours, SHIB’s price has ranged from the lows of $0.00001507 to a high of $0.00001601, with an intraday trading volume of $390.45 million. Increasing investor interest and continued bullish momentum could help SHIB test the $0.00002 resistance level in the near term. Should the rally sustain and volume increase, a further push toward the $0.00003 mark will be on the cards.
Conversely, if SHIB fails to maintain above the $0.000015 level, it could revisit the immediate support near $0.0000145. However, the breakout from the wedge pattern limits the likelihood of a deeper pullback for now.
