Shiba Inu's return will have a huge impact, SHIB breaks through $0.000014

Shiba Inu's return and market recovery

The recent market recovery has driven Shiba Inu's strong rebound. Market analysts believe that SHIB's performance is not only boosted by the overall market recovery, but also its own technical advantages. Especially on the weekly chart, SHIB's performance is not only boosted by the overall market recovery, but also its own technical advantages. The performance is brilliant, recording a 9% increase. Currently, SHIB is trading at the 99-week moving average, and the price level of $0.00001277 is at the 25-week moving average, and $0.00001911 is nearby

From a technical analysis perspective, Shiba Inu shows that bulls are re-initiating market dominance after 6 consecutive 4-hour green candlesticks. Market analysts pointed out that $0.00001537 is an additional, meaning that the Bollinger Bands on the 4-hour chart show that $0.00001459 has been hit. In terms of technical indicators, MACD (moving average convergence divergence) refers to the relative strength index (RSI), which is the background of this callback, which is exactly the performance of SHIB at the beginning of this year. At that time, SHIB achieved a continuous green candle chart and pushed the price to a year-high of $0.000045 within a few days. From a broader market perspective, SHIB's price performance benefited from the recovery of the broader market. With the rebound of major crypto assets such as Bitcoin, the market's risk appetite has gradually recovered, pushing the prices of re-speculative tokens such as Shiba Inu higher. SHIB's market value has now reached $8.492 billion, $8.5 billion. As SHIB continues to attract market attention, its price may rise again in the next trading. Especially after breaking through $0.00001537 to $0.00002 or even more. As the Shiba Inu community further expands, the sentiment of investors and traders is gradually turning positive to optimism. Some analysts even predict that the Shiba Inu will be able to resume its previous amazing performance and reach new heights in the coming months as the market gradually emerges from the bear market.