The coin $SHIB is experiencing critical moments near the support area of 0.00000959 💎, as markets await its upcoming movements amidst increasing activity on the Shibarium network ⚙️.
🔸 Current price: 0.00000989
🔸 Weekly rise: +11.1% 🚀
Despite market fluctuations, Shiba Inu continues to show positive momentum, as the price moves within a stable range between 0.0000096 and 0.0000099, indicating a consolidation phase before a potential explosion 📈.
💹 Simplified Technical Analysis:
Analysis indicates that breaking the level 0.00000959 represents a bullish signal 🌕 that may open the way towards higher resistances, provided the price stays above this level.
In case of a break, SHIB may witness a correction towards 0.00000880, which is a strong support representing an opportunity for a rebound 🔁.
📊 Technical Indicators:
MACD shows a bullish crossover ✅
The green areas on the chart indicate positive momentum
But caution is required ⚠️, as continued rise without correction may push the price into an overbought zone.
🔥 The Future of Shiba Inu and the Confidence Level:
Followers are optimistically discussing Shiba Inu's chances of rising in the next cycle ⬆️, supported by the expansion of Shibarium and an increase in daily transactions 💥.
The more the network is used, the more SHIB tokens are burned 🔥, which reduces supply and gradually increases value.
🎯 Summary:
The level 0.00000959 remains the dividing line between the continuation of the uptrend or the beginning of a temporary correction.
Staying above it may open the way towards 0.0000105 then 0.0000112 🚀, while breaking below may bring the price back to retest 0.0000088.
👁️🗨️ Close monitoring is required, as the upcoming period may determine Shiba Inu's direction towards a new phase of growth or a temporary decline.
