🔥 SHIBA INU (SHIB) back in the race?
SHIB has just surged 7% in 24h, officially breaking a 2-month-long downtrend. Investor sentiment is starting to become more positive, but the risk of a reversal still lurks.
📊 Warning from the NVT index: Valuation $SHIB is significantly higher than the actual trading volume – a signal that has previously indicated strong corrections.
💪 However, RSI above 50 indicates that buying pressure is returning, opening up opportunities to maintain the upward trend if SHIB holds support at $0.00001188.
🎯 If it breaks through resistance at $0.00001252, SHIB could aim for $0.00001344 – confirming the medium-term upward trend.
👉 Investors should closely monitor this price range and be aware of the tug-of-war between valuation and technical signals.