$SHIB
🚨 Shiba Inu Price Forecast: SHIB aims for a 30% rally 🚨
Shiba Inu price has been retested, and support has been found around its 50-day EMA at $0.000013 since Saturday, hovering above it for the next three days. This level roughly coincides with the previously broken descending trendline (drawn by connecting multiple highs since mid-December) at $0.000014, making it a key support zone. At the time of writing on Wednesday, it trades at around $0.000014.
If the 50-day EMA remains strong, SHIB could extend the rally by 30% from its current level to retest its next daily resistance at $0.000019.
The RSI on the daily chart reads 61, above its neutral level of 50, indicating bullish momentum.
However, if SHIB closes below $0.000013, it could extend the decline to retest its April 16 low of $0.000011.
