Summary
TLDR: Shiba Inu (SHIB) price is expected to break out of a bullish pattern due to investors holding onto their assets and showing signs of hodling. Supply has shifted from short-term to mid-term traders, indicating potential gains. The price could rally to $0.00004148, but may face resistance at $0.00003599. However, if it falls below $0.00003000, the bullish thesis would be invalidated. Always do your own research and consult a professional before making financial decisions.
Key Points
1. Shiba Inu (SHIB) price is looking to break out of a bullish pattern, potentially sending it to a multi-month high.
2. The investors, too, seem to support the probability, but only one barrier remains.
3. Shiba Inu’s price tends to go down primarily during bouts of selling, but during moments of hodling, the price goes up. This is the case with SHIB, as investors show rather intense signs of holding on to their assets.