In summary, Shiba Inu (SHIB) is on the edge of a potential 15% breakout in its price, yet there remains an underlying challenge. The decreasing volume and low network fees signal a lack of trading activity, possibly leading to a false breakout or a return to lower levels rather than the expected surge. For SHIB to succeed, there needs to be a substantial influx of trading volume and increased activity on the network to validate the bullish sentiment and break through the 200 EMA resistance level.
Andrew Watson
- 2023-11-24
Could Shiba Inu (SHIB) Experience a Breakout?
![CandleFocus ShibaInu-SHIB-TradingVolume-NetworkFees-Breakout](https://images.candlefocus.com/Could-Shiba-Inu-(SHIB)-Experience-a-Breakout.jpg)