What Does Shiba Inu’s (SHIB) Breakout Mean for the Future Trend?
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The Shiba Inu (SHIB) price is making its fourth attempt at breaking out from a descending resistance line that existed for 570 days.
In the short term, SHIB trades close to a confluence of diagonal resistance levels. Will it break out?
Shiba Inu Attempts Breakout From Long-Term Resistance
The weekly time frame technical analysis shows that SHIB is in the process of breaking out from a descending resistance trend line that has existed for nearly 570 days. Until now, the trend line has caused three rejections (red icons).
