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U.Today Analysis: Shiba Inu (SHIB) Weekly Chart Forms "Bullish Combination," But Key Resistance at $0.0000122 Remains a Critical Hurdle
U.Today analysis indicates that a rare "bullish combination" has formed on Shiba Inu's (SHIB) weekly chart, which could potentially lead to its price eliminating a zero. This technical pattern suggests long-term seller exhaustion coinciding with a local price reversal. SHIB is currently trading near a local bottom of $0.00000547, with a weekly gain of 6.72%. However, the major resistance level of $0.0000122 (200-week moving average) poses a significant obstacle for buyers, and a breakthrough of this line is crucial for this combination to translate into a full-fledged uptrend.
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Source：U.Today · Source Link
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