Opinion: SHIB Coin May Break Key Resistance Level
As reported by CryptoPotato, SHIB coin is showing signs of possible further gains. The key support is at $0.000022 and the key resistance is at $0.000025. The price has held fairly steady above the support at $0.000022 and buyers seem eager to test the key resistance at $0.000025. Although the attempt in early May was rejected, the second attempt may be successful considering that momentum may be turning bullish. The price of SHIB coin increased by over 5% today on good buying volume. The last time this happened was when the meme coin attempted to break above key resistance levels in early May. This is a promising sign that could lead to a breakthrough. The 2-day MACD histogram is making higher lows and the moving averages may soon curve upwards, forming a bullish crossover. On the lower time frames, this has occurred following the recent push from buyers. If this trend continues, SHIB could break above $0.000025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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