Posted 3/2/2024, 12:00:00 PM
Shiba Inu Price Breaks Out After 560 Days; Faces Key Resistance at $0.0000180
- Shiba Inu (SHIB) price broke out from a 560-day descending resistance trend line on the weekly chart
- The breakout is supported by a bullish RSI reading above 70 on the weekly timeframe
- Despite the breakout, SHIB faces resistance at the top of an ascending parallel channel on the daily chart
- If SHIB breaks channel resistance, it could climb 35% to $0.0000180
- A rejection from channel resistance could trigger a 15% drop to $0.0000110
