Analyst: Shiba Inu (SHIB) Forms "Bullish Combo," Poised to Delete a Zero in October
According to U.Today analysis, Shiba Inu (SHIB) has formed a "bullish combination" on the weekly chart, with the Relative Strength Index (RSI) remaining above 52, indicating that selling pressure has been exhausted and the $0.0000053-$0.0000055 range has become a solid bottom. Currently, SHIB ranks 30th globally with a market capitalization of $3.47 billion and a price of $0.0000059. Analysts believe that if SHIB can break above its 50-week moving average (market cap $3.73 billion), it is expected to surpass Bittensor (TAO); if it further rises to near its 200-week moving average ($0.00001217, market cap $7.14 billion), it is likely to achieve the psychological goal of removing a zero and enter the top 16-17 in global market capitalization. The invalidation point for this bullish scenario is at the local low of $0.00000515.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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