Prediction for the price of Shiba Inu: the barrier around $0.000015 may be broken if Bitcoin gets closer to six digits

On the 12-hourly SHIBUSDT chart, the Shiba Inu price is remaining unchanged at $0.000012, consolidating just below the crucial short-term resistance zone between $0.000011 and $0.000012. This zone is indicated by the simultaneous convergence of the 5-day, 8-day, and 13-day simple moving averages.

The bullish crossing that was seen on Friday, which was verified by the green arrow, indicates that there is short-term upward momentum; however, the flattening slope of these moving averages suggests that there may be some hesitation happening.

The MACD is still in the positive region, but its histogram is narrowing, which indicates that the bullish momentum may be coming to a halt until a trigger, such as Bitcoin breaching $100,000, reignites activity.

In this particular scenario, a decisive close that is higher than $0.000012 might verify the bullish structure, with the upward goals being placed at the high of $0.000016 that was reached in March.

If, on the other hand, the floor of $0.00001150 is not maintained, there is a possibility of a bearish reversal that will take place toward $0.00001050. #shibu