Shiba Inu (SHIB) has seen some bullish price action recently, but momentum may be slowing based on key indicators like the MACD and RSI.
TradingView analyst SasanSeifi pointed out in his latest SHIB analysis that the price broke above resistance at $0.00000733 and entered the supply zone, but has since encountered some selling pressure around $0.00000770. This suggests that some consolidation within the range is likely in the near term.
Seifi believes that if SHIB manages to break through and consolidate above the $0.00000800 level, further upside towards its target prices is possible. Support to watch is around $0.00000740 and $0.00000670. A break below $0.00000670 could open a correction.
