The start of the rally? 🚀 With the Bitcoin price above $28k, altcoins are starting to move, and SHIB is no exception. The current chart shows clear bullish momentum that could take the price to the key resistance at $0.0000080. Considering that Shiba Inu is a momentum coin, achieving this goal looks easy if the uptrend continues.
🔍 Volume is still flat
Despite the bullish move and momentum, one thing is missing right now: volume. Buying pressure is relatively flat, with no significant increase at the moment. However, if the current trend continues, then buyers should return to SHIB and test key levels ahead.
📈 Momentum indicators turn bullish
The 3-day RSI is making higher lows and has curved well over the past few days. This is a bullish signal that will be confirmed once the RSI passes the 50 pips level. The 3-day MACD is also curving upward and will soon make a bullish cross if this momentum continues.
🔍 Volume is still flat
Despite the bullish move and momentum, one thing is missing right now: volume. Buying pressure is relatively flat, with no significant increase at the moment. However, if the current trend continues, then buyers should return to SHIB and test key levels ahead.
📈 Momentum indicators turn bullish
The 3-day RSI is making higher lows and has curved well over the past few days. This is a bullish signal that will be confirmed once the RSI passes the 50 pips level. The 3-day MACD is also curving upward and will soon make a bullish cross if this momentum continues.