Shiba Inu Price Shows Signs of 43% Rally But Faces Key Resistance Levels
• Shiba Inu (SHIB) price shows signs of breaking out from a symmetrical triangle pattern, which could lead to a 43% price rally if confirmed.
• SHIB is attempting to chart its own path, breaking free from Bitcoin's influence. This divergence could help drive an independent SHIB price rally.
• Bullish signals are appearing in SHIB's Moving Average Convergence Divergence (MACD) indicator, pointing to growing positive momentum.
• If SHIB fails to break through key resistances at $0.00003063 and $0.00003500, the bullish thesis could be invalidated.
• SHIB is currently trading at about $0.00002744. An upside breakout could take it to $0.00004816, while a downside breakdown could push it to $0.00002400.