#AltcoinBreakout
Shiba Inu is on full throttle 🔥
$SHIB has shown significant bullish momentum in the last 3 days, like most altcoins in the market.
It has experienced a notable price increase, with some sources reporting a rise of up to +7.33%.
Its overall trend has been recovery, forming part of an even stronger weekly performance (around +15.48% in the last week).
Let's look at the key support points:
🎯Immediate / Short-Term Support:
This is around $0.00001400 - $0.00001420. This range has acted as a level of support and resistance in recent days. Staying above this level is crucial to continue the short-term bullish momentum.
🎯The 200-day EMA has been surpassed. If it falls back, this level could act as a dynamic support. Data indicates that a possible new test of the 200-day EMA could be around $0.00001452.
🎯Stronger Supports In case of a pullback, they would be between $0.00001380 - $0.00001300 A drop below could signal greater weakness.
As we are writing, SHiB is already around $0.00015 approximately🚀
Shiba Inu is on full throttle 🔥
$SHIB has shown significant bullish momentum in the last 3 days, like most altcoins in the market.
It has experienced a notable price increase, with some sources reporting a rise of up to +7.33%.
Its overall trend has been recovery, forming part of an even stronger weekly performance (around +15.48% in the last week).
Let's look at the key support points:
🎯Immediate / Short-Term Support:
This is around $0.00001400 - $0.00001420. This range has acted as a level of support and resistance in recent days. Staying above this level is crucial to continue the short-term bullish momentum.
🎯The 200-day EMA has been surpassed. If it falls back, this level could act as a dynamic support. Data indicates that a possible new test of the 200-day EMA could be around $0.00001452.
🎯Stronger Supports In case of a pullback, they would be between $0.00001380 - $0.00001300 A drop below could signal greater weakness.
As we are writing, SHiB is already around $0.00015 approximately🚀