#SHIB

Shiba Inu recently witnessed a notable shift in its technical setup, following a steady price climb that began around April 22. After bottoming slightly above $0.00001, SHIB advanced to a high near $0.00001510 by April 26. The price then experienced a subsequent retracement toward the $0.0000135 range as of today

Previously, SHIB attempted to break above the trendline at $0.000026 and just below $0.000016, but lacked sufficient bullish momentum to maintain those moves. However, Charting Guy believes Shiba Inu has overcome this trendline in this recent attempt.

Now, the analyst points to a new target above $0.00003, aligning with the 0.618 Fibonacci retracement zone last observed in December 2024.