Will the price of Shiba Inu (SHIB) explode in the coming days?

Shiba Inu (SHIB) breaks resistances and aims for all-time highs

The price of SHIB has been under pressure for a long time but has now broken through the boundary of the 50-day exponential moving average (EMA) and seems to be heading towards the 200-day EMA, which is an important step in confirming a potential trend reversal. Technical indicators such as MACD and RSI are also showing encouraging signals and indicate upcoming bullish potential.

If SHIB manages to successfully surpass the threshold of $0.00001797, investors could experience another increase in the coming days. However, the path remains fraught with challenges, as the large supply of Shiba Inu still poses a significant obstacle to a comprehensive rally.$SHIB