$SHIB

🚨 SHIB Price Prediction: Breakout To Continue 🚨

Further assessment of the daily chart shows that the Awesome Oscillator (AO) reading has jumped to the positive region. Typically, negative AO readings indicate bearish momentum, while positive ones indicate bullish momentum.

Therefore, the current reading indicates bullish momentum around SHIB. In addition to that, the memecoin has also climbed above the 20-day Exponential Moving Average (EMA).

The 20 EMA acts as key support. Therefore, rising above indicates that the cryptocurrency’s value will likely trade higher.

Should the trend remain the same or improve, SHIB’s price might soar to $0.000019 near the 0.618 Fibonacci level. To achieve this, the resistance has to be broken at $0.000015, which is likely to happen in the short term.

If the broader market condition improves as SHIB hits $0.000019, the coin’s next target could be a surge to $0.000025.

However, if the cryptocurrency fails to break above the $0.000015 resistance, this forecast might not happen. In that scenario, SHIB’s market value could decline to $0.000010

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