Shiba Inu price chart | TradingviewĪ recent bullish cross formed when the 21-day Exponential Moving Average (EMA) (blue) flipped above the 200-day EMA (purple) reinforces the bullish narrative but what is likely to trigger the next breakout is the incoming crossover by the 50-day EMA (red) and the 200-day EMA. Traders should follow the RSI’s trend closely with dips likely to be identified by a retracement into the neutral area. The Relative Strength Index (RSI) props the bullish thesis in SHIB price as it enters the overbought region above 70. However, with this barrier left behind, more buyers could join the market assured that the uptrend will carry on toward $0.0001. Resistance at $0.0001 has kept Shiba Inu price suppressed for a long time. The chart shows that SHIB is up 15.65% since breaking above a long-term descending trendline. ![]() Shiba Inu Price Prediction: SHIB Begins Major Breakout Although altcoins are performing equally well, they still lag behind the largest crypto with Bitcoin dominance currently at 51.4%, data by CoinGecko shows. ![]() Meanwhile, Bitcoin price has been the focal point in the market this week, rising above $44,000 while promising a larger breakout to $50,000 before the year-end. If profit-taking continues, the second-largest meme coin which rallied past Litecoin in market capitalization on Thursday, may drop to test support at $0.0000088. After soaring by 18% in one week, SHIB price is trading at $0.0000096 on Friday.
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