Posted 12/15/2023, 4:00:00 PM
Shiba Inu Price Faces Resistance After Breakout While Bullish Momentum Builds
- Shiba Inu (SHIB) price broke out of a descending trendline but faces resistance at a horizontal level
- Indicators like RSI show bullish momentum, but price needs to break key resistance
- Elliott Wave analysis suggests SHIB is in a bullish uptrend and could reach $0.0000156 (55% increase)
- Failure to break channel resistance could result in a 17% drop to $0.0000084
- Shibarium blockchain reaches 100M transactions, Shib magazine provides updates on ecosystem growth