Shiba Inu continues to surprise the cryptocurrency world. After a recent breakthrough of 661%, the price of SHIB is gaining momentum again. Technical chart analysis indicates a potential new bullish trend, with a possible target of $0.00008450.
Recently, there has been a significant surge in activity from large investors: 2.79 trillion SHIB was moved, indicating a resurgence of interest in the coin. binance.com
There has also been a sharp increase in the token burn rate — up by 49.552% in the last 24 hours, which could positively impact the price. binance.com
From a technical standpoint, SHIB shows strong buy signals across all major timeframes, indicating a sustained bullish trend.
🔍 Technical analysis of SHIB (SHIBAUSDT):
Signals: Strong bullish trend across all timeframes.
Support levels: $0.00001304 (S3), $0.00001311 (S2), $0.00001316
Resistance levels: $0.00001328 (R1), $0.00001335 (R2), $0.00001340 (R3).
RSI: 30.342 — indicates oversold condition.
MACD: Neutral.
ADX: 52.813 — strong trend.
Williams %R: -94.737 — oversold.
CCI: -83.5433 — sell signal.
ATR: High volatility.
Ultimate Oscillator: 31.217 — sell signal.
ROC: -5.176 — sell signal.
Bull/Bear Power: 0 — neutral.
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