Shiba Inu Coin #SHIB is currently trying to break through the market trend, but there is a considerable amount of selling pressure overhead. The price briefly touched $0.00000627 and has since pulled back to $0.00000602. At present, the price is holding steadily above all short-term moving averages, and it has also successfully broken through the long-term downward moving average. This rally has been accompanied by an increase in trading volume, and bullish signals are evident📈
The RSI indicator is above 60, and bullish momentum is strong. However, resistance in the $0.00000620–$0.00000630 range is significant—this is also a key area where the market reversed twice in May and August. If the candle can close and hold above this level, there may be an opportunity to continue testing $0.00000650 and $0.00000670. The key support below is around $0.00000560–$0.00000570. If it breaks below that, this rebound will be thrown into doubt.
The RSI indicator is above 60, and bullish momentum is strong. However, resistance in the $0.00000620–$0.00000630 range is significant—this is also a key area where the market reversed twice in May and August. If the candle can close and hold above this level, there may be an opportunity to continue testing $0.00000650 and $0.00000670. The key support below is around $0.00000560–$0.00000570. If it breaks below that, this rebound will be thrown into doubt.