\$SHIB

Shiba Inu – 0.00001368 (+5.96%)

🚨Shiba Inu Outlook: Bullish Hopes Fading as Remittix Steals the Spotlight🚨

Currently valued at \$0.00001350 and hovering around \$0.00001361, SHIB is holding steady after recently retesting important support zones. Analyst Joe Swanson points to a cup-and-handle formation, indicating a possible 70% climb from present levels.

Still, despite this promising chart setup, the token’s advance is capped by persistent resistance areas and historical sell zones, keeping its momentum in check. The potential for an upward breakout exists, but caution is creeping in as sentiment turns less confident. With meme coins facing unpredictable swings, the long-term outlook remains uncertain.

Market dynamics and speculative interest continue to shape SHIB’s moves. Large holders are still adding to their positions, yet skepticism within the market is causing some participants to wait on the sidelines. A decisive break above key resistance could spark renewed buying, but the challenge lies in navigating market instability and heavy resistance layers. As prices edge close to critical support, many traders are likely to wait for stronger confirmation before committing—particularly as new contenders like Remittix draw growing attention.