$SHIB Shiba Inu Has the Potential to Rise 45%, Here’s Why✴️✴️✴️✴️
RSI Shows Buyers Are Increasing Strength Beneath the Surface
A movement requires momentum to continue, so the Relative Strength Index (RSI) is examined next.
RSI measures the strength of recent price movements on a scale of 0–100. Since mid-June, the daily RSI has made higher peaks while the price has made lower peaks. This bullish divergence indicates that momentum is increasing faster than price.
There needs to be a threshold to confirm predictions from the indicator. The main threshold is US$0.00001587, a level that has held back the price of Shiba Inu (SHIB) for some time now.
A daily close above US$0.00001587 could push the price of SHIB to US$0.00001746 (about 16% higher) and then to US$0.000022 (about 45% higher).
However, the price of SHIB still needs to break through the psychological resistance at US$0.000020 before moving higher, around 33% from the current level.
