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U.Today Analysis: Shiba Inu (SHIB) Maintains Range-Bound Trading, Needs to Break $0.00000560 to Establish Bullish Momentum
U.Today analysis indicates that Shiba Inu (SHIB) remains within a broad consolidation structure since late August, currently trading at $0.00000535. Despite some positive developments below, such as SHIB trading above its short-term moving average cluster with these averages beginning to rise, overhead resistance is the primary concern. The analysis suggests that SHIB needs a daily close above the $0.00000560-$0.00000570 range to establish stronger bullish momentum and potentially return to $0.00000600-$0.00000620.
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Source：U.Today · Source Link
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