$SHIB Inu Price Indicates Reversal Pattern: Time to Load Up On SHIB?#Market_Update

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#Shibalnu Price Regains Momentum: Buyers Support SHIB Coin

As of today, the Shiba Inu price is trading higher, but strong momentum is lacking in the network. Despite buyersโ€™ efforts to establish a strong support base, the SHIB coin has established a strong support base between $0.0000126 and $0.0000127 in the past 24 hours. The memecoinโ€™s technical patterns suggest potential for continued upward momentum.

In recent analysis, the SHIB coin has failed to maintain gains above the 100-day Simple Moving Average (SMA) at $0.0000133 and changed hands at $0.0000131. So far, the SHIB coin has shown a 2.9% gain over the past 24 hours. Further, the Shiba Inu price chart shows the downtrend from the May 12 highs is still intact.

Conclusion:๐Ÿ”ฅ

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