#shiba⚡ According to Binance, as of May 1, 2025, Shiba Inu ($SHIB ) is trading at $0.00001365, with a market capitalization of approximately $8.05 billion. Analysts are closely monitoring SHIB's price action, noting a potential breakout from a descending channel, which could signal a bullish trend. Technical indicators present a mixed outlook. The Relative Strength Index (RSI) stands at 57, suggesting a neutral market stance—neither overbought nor oversold. Additionally, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating potential upward momentum. #memecoin🚀🚀🚀
Analysts suggest that if #SHIB can break above the $0.00001500 resistance level, it could target higher price points, such as $0.00001700 to $0.00001800. #Write2Earn
