Meme coins are back in the spotlight, and Shiba Inu $SHIB is no exception.
Key Support Levels: $0.000014
Key Resistance Levels: $0.000020
SHIB Turns Bullish
The pullback seems to be over and $SHIB has started the week with buyers rushing the price higher. If this bullish momentum continues, the key resistance at $0.000020 could be tested in the coming days. In late September, sellers stopped the price at this level, but a second attempt may succeed.
Will a higher high come soon?
With a higher low confirmed, $SHIB seems to be on its way to trying to make a higher high. The price will have to turn $0.000020 into support for that to happen. At the time of publishing this analysis, buyers are still showing some caution, but that could change in the coming days.
Strong bullish signal on MACD
The weekly MACD turned bullish at the beginning of October, and momentum has continued to build since then. This indicator supports the bullish outlook, with the current resistance likely to be tested again soon. Based on this indicator, higher price levels are becoming more likely.
