A 23% Leap on the Cards for Shiba Inu This Month?
SHIB prices have risen by 8.98% in the last 24 hours, leading to a triangle breakout.
The price action suggests a possible end to the lower-high formation streak in the weekly chart.
With a closing price supporting the breakout, SHIB price could jump by 23% this month.
After a V-shaped reversal of 48%, SHIB has broken above the crucial resistance zone at $0.00000908.
Technical indicators show a rise in underlying bullish sentiments.
If SHIB closes above the 23.60% Fibonacci level in the weekly chart, it could start a bull run to reach the 50% Fibonacci level at $0.00001179.
However, excessive selling pressure could lead to a new lower high formation, challenging the $0.00000667 support level.