CandleFocus Shiba Inu Price Outlook: SHIB Eyes 15% Surge if Bulls Maintain Momentum
2024-09-09
Author: Content Editor
The article discusses the recent price action of SHIB, a cryptocurrency. It highlights the key support level of $0.000012, which has been defended for the second time. The buyers seem interested in returning at these levels, resulting in a positive price movement. If the momentum continues, there could be a potential test of the key resistance level of $0.000014. The article also mentions that the consolidation at these levels is allowing the momentum indicators to turn bullish. The MACD histogram on the daily timeframe is indicating higher lows, and a bullish cross is expected if buyers persist. Additionally, the daily RSI has been making higher lows since the drop in August and has recently crossed above its moving average, signaling a bullish trend. The article suggests that if this continues and there is a breakout above the key resistance level, SHIB could experience a rally. For further updates, readers are encouraged to check out the Shibarium news.
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