$SHIB

🚨 Shiba Inu’s price shows signs of recovery 🚨

Shiba Inu has seen a 10.22% increase over the past week. The current price ranges between $0.00001169 and $0.00001277. This recent rise suggests growing interest in the token after a period of decline.

Over the past month, SHIB’s price fell by 3.62%, and over six months, it dropped by 21.11%. Despite these long-term decreases, the weekly gain indicates potential for a rebound. The Relative Strength Index (RSI) is at 36.29, approaching oversold territory, which might lead to increased buying pressure.

The nearest resistance level is $0.00001320. If SHIB breaks through this point, it could see an increase of about 3% to 5% from its current price. The nearest support is at $0.00001104. If the price falls below this level, it might decrease by around 5% to 7%.

Traders are watching these levels closely. The recent price movements suggest that SHIB could continue to rise if momentum holds. However, it needs to surpass the resistance to confirm an upward trend.

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