Shiba Inu (SHIB) has experienced a comeback in the crypto market, surging past $0.000014 amid a recovery in the broader market. Market analyst Crypto Sheriff confirmed SHIB's impressive comeback, with a 9% spike on the weekly charts. SHIB is currently trading above the 99-week moving average, indicating a long-term bullish trend. However, it still faces resistance at the 25-week moving average. Crypto Sheriff believes this recent upsurge could be a precursor to a significant push, and breaching the $0.00001537 resistance could pave the way for a huge run. SHIB Knight, a community figure and trader, also highlighted the bullish momentum, noting nine consecutive 3-hour sessions of substantial gains. On the 4-hour chart, SHIB recorded six consecutive candlesticks above $0.000014 before facing a slight retracement. However, it has since recovered and currently looks to retest the upper Bollinger Band. SHIB's price is currently $0.00001445, with a market cap of $8.492 billion. The MACD indicator on the 4-hour chart has turned bullish.



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