Shiba Inu Price Expectations: SHIB Aims for 15% Gain if Bullish Momentum Continues
SHIB is currently experiencing an increase after successfully defending a crucial support level. The key support levels to watch are at $0.000012, while the key resistance levels are at $0.000014.
1. SHIB Showed Support
This is the second time SHIB has tested the $0.000012 support level, and buyers have shown a strong interest in returning at these levels. As a result, the price turned positive today. If this positive momentum continues throughout the week, there is a good chance that SHIB will test the key resistance level at $0.000014.
2. Bullish Momentum is Emerging
The price has been consolidating at its current levels, allowing the momentum indicators to turn bullish. For instance, on the daily timeframe, the MACD histogram is forming higher lows, and there is a possibility of a bullish cross if buyers remain persistent.
3. RSI Signals Positive Developments
Since the decline in early August, the daily RSI has been forming higher lows. Recently, the RSI has even crossed above its moving average, which is seen as a bullish signal. If this upward trend continues and SHIB breaks above the key resistance level, another significant rally may occur.
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