Is SHIB going to surge?
SHIB is gradually approaching its potential bullish mode resistance. At this critical moment, a core technical indicator has released an early warning signal.
Looking back at last month, SHIB successfully broke the original descending triangle pattern and ushered in a remarkable rebound, reaching a high of $0.000021. Although it has experienced a period of adjustment, SHIB has not stopped, but has entered a similar upward channel again.
Currently, SHIB is standing on the threshold of a bull market mode, trying to break through this key resistance. If successful, it may usher in a more violent round of rising market, and its price is expected to climb to a new high of $0.000027 in the next few days or weeks.
While being optimistic, we must also remain vigilant. The AMBCrypto team is closely monitoring the market dynamics of SHIB, trying to reveal its future trends through in-depth analysis. Although SHIB's price shows a positive trend on the chart, the buying and selling pressure is relatively stable, and the supply inside and outside the exchange remains closely related. In addition, the big whales have not shown overly active trading behavior.
More worryingly, SHIB's Fear and Greed Index is currently in the "greed" zone. This indicator usually indicates that prices are about to adjust. At the same time, from a technical perspective, MACD has already seen a bearish crossover, which may limit SHIB's upside in the short term.
Although SHIB is facing an important breakthrough opportunity, investors still need to proceed with caution. Before deciding whether to enter the market, it is important to consider a variety of market information and data. After all, in the cryptocurrency market, any decision may bring unexpected results.
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