$SHIB
🚨 Shiba Inu Price Analysis as 108% Rally Looms 🚨
The daily chart for Shiba Inu price hints that an explosive rally is looming, as the meme coin teases a breakout from an accumulation zone after overcoming resistance from a descending trendline. The next key level to watch is $0.00001364, and if it can form a decisive close above it, it will flip the market structure to bullish.
If this breakout occurs, and SHIB holds above the MA level of $0.0000182, a reaccumulation phase will likely play out before a potential 108% rally to $0.0000286.
The RSI stands at 54, an indication that the bullish momentum is strong to support an upward trend. However, traders should remain wary of a weakening uptrend as the AO bars suggest that the bullish sentiment is weak.