• Shiba Inu avoids bearish EMA crossover, signaling potential support from broader, bullish market signals.

  • Increasing capital inflows and strengthening Chaikin Money Flow (CMF) indicate growing investor confidence.

A break above $0.00001676 could push SHIB to $0.00002093

Shiba Inu has faced significant challenges in recent months, failing to break out of its ongoing bearish trend. Despite the altcoin’s struggles, recent investor activity indicates a potential turnaround.

The increased capital inflows into Shiba Inu are setting the stage for a possible reversal of its current bearish trend. If these trends continue, SHIB could soon see a positive price rally.

🚨🚨 Shiba Inu is preventing a fall

Shiba Inu’s exponential moving averages (EMAs) are showing resilience, with no signs of a bearish crossover despite the recent price drop. This is a key indicator that the broader market’s bullish sentiment is supporting SHIB. Traders are closely watching this as a possible market reversal signal, indicating that the altcoin may be about to turn around.

The absence of a bearish crossover between the EMAs suggests that momentum is not as weak as it may seem. With support from the broader market’s bullish cues, Shiba Inu may avoid further declines and instead trigger a reversal. This scenario would help change the trend, offering a window for potential gains in the near future.

SHIB’s macro momentum is showing signs of recovery, driven by a significant increase in capital inflows. The Chaikin Money Flow (CMF) indicator has been rising steadily over the past week, signaling that investor optimism is returning. This trend reflects a growing belief in Shiba Inu’s recovery potential as more funds flow into the asset.

These increased inflows suggest that Shiba Inu is gaining traction among investors. As the altcoin attracts more buyers, it may find the momentum it needs to reverse its downtrend and regain lost ground. Such positive market behavior is crucial to establishing a solid foundation for future price action.

🚨🚨Possible SHIB price breakout

The coin’s price is currently at $0.00001559, poised to break out of the downtrend that has persisted since December 2024. This potential breakout depends on holding current price levels and breaking through key resistance zones. Successfully breaking above $0.00001676 would trigger a price rally towards $0.00001961.

If Shiba Inu can maintain this upward momentum, it could flip $0.00001676 into support and continue moving towards $0.00002093. This would mark a successful breakout, giving SHIB investors hope for a more significant price recovery by challenging new price levels.

The coin’s price is currently at $0.00001559, poised to break out of the downtrend that has persisted since December 2024. This potential breakout depends on holding current price levels and breaking through key resistance zones. Successfully breaking above $0.00001676 would trigger a price rally towards $0.00001961.

However, failure to break above $0.00001676 could result in a pullback, bringing Shiba Inu towards its support at $0.00001462. Losing this support level would pave the way for further declines, potentially taking the price to $0.00001271 and invalidating the current bullish outlook.

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