Summary
TLDR: Shiba Inu’s price is showing signs of a potential rally, waiting for a bullish trigger to break through key resistances. The Moving Average Convergence Divergence indicator is showing increasing bullishness, and the correlation with Bitcoin is declining. The price is in a symmetrical triangle pattern and could see a 43% rise if it breaks out, reaching $0.00004816. Failure to breach key resistances could push the price down to $0.00002400. Always conduct your own research before making financial decisions.
Key Points
1. Shiba Inu’s price is showing signs of a massive rally but is awaiting a bullish trigger, which might come sooner than expected.
2. The meme coin could reach new highs if it manages to breach through crucial resistances.
3. Shiba Inu’s price is currently trading within a symmetrical triangle pattern, with bullish market cues and a receding bearishness indicated by the Moving Average Convergence Divergence (MACD).