This week, Shiba Inu (SHIB) has seen an amazing comeback, with the price rising and swiftly reaching the crucial resistance level at $0.000010. The support level is at $0.0000095 right now. Following a challenging beginning in 2024, SHIB has at last resumed an upward trajectory, with buyers eager to get visibility.
The daily timeframe’s Relative Strength Index (RSI) has crossed over 50 points, ending the downward trend. An rise in the buy volume is another factor supporting this shift in the price action. The daily Moving Average Convergence Divergence (MACD) histogram has made higher lows due to this week’s price movement, and if bulls continue to exert pressure, a bullish cross now seems imminent. The primary resistance is still the only roadblock.
SHIB has a bullish tendency. Investors should keep an eye on the critical resistance level of $0.000010 in the near term. SHIB might start a long-term rally with new highs in January if it breaks.
