Shiba Inu (SHIB) breaks above key long-term resistance, trading around $0.00000571
Shiba Inu (SHIB) has pushed marginally above a long-term moving average that has capped its recovery for months, with an intraday high of approximately $0.00000579. The cryptocurrency is now positioned to confirm a broader trend change, having also traded above its shorter moving averages clustered around $0.00000505–$0.00000525. However, exchange data shows a 0.14% increase in exchange reserves and a 1.06% rise in total netflow, indicating potential supply-side pressure. U.Today analysis suggests SHIB needs to maintain daily closes above $0.00000560–$0.00000570 to confirm the breakout, with next targets at $0.00000600 and $0.00000620.
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Source:U.Today · Source Link
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