Shiba Inu #SHIB has been quite active recently!
The price has bounced off the support level of $0.000012 and is now stuck at the resistance line of $0.000014. The situation is somewhat like a 'price squeeze' and is about to explode.
In the short term, the 50-day moving average supports the buying activity, and the trading volume is also increasing, indicating strong buyer participation. The market has the potential to continue moving upward.
However, it's important to note that the 100 EMA level is quite critical; we need to solidly stay above it to smoothly challenge higher levels.
If it drops below the support level near $0.000012, the risks should be raised as there may be adjustment pressure.
In summary, SHIB is currently in a tense state, waiting for a breakout, and the next few days are crucial in determining whether it can break through, depending on market sentiment and trading volume. @分析师苏哥
What do you think? Are you brave enough to chase this wave? Leave your thoughts in the comments, and let's keep an eye on it together!