Shiba Inu (SHIB) experienced a dramatic price increase, which has reignited interest in the meme coin. The price broke past a crucial resistance level and volume increased, indicating heightened investor interest. However, the coin has entered overbought territory, suggesting a possible short-term correction or consolidation. Support levels to watch are at $0.000027 and $0.00002445. On-chain data shows that most investors are still in profit, which suggests strong confidence in SHIB. To maintain its upward momentum, SHIB needs to overcome resistance at $0.000032. A pullback is possible unless volume continues to rise. Overall, while SHIB's pump has set it up for future gains, caution is advised as sustaining momentum and generating higher-level support is crucial for preventing a significant correction.



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