Shiba Inu Price Prediction as SHIB Rallies 6.5% - How High Can it Go?
Shiba Inu price is moving swiftly north after revisiting lows below $0.00001000. The second-largest meme coin trades at $0.00001044, following a 6.5% climb in 24 hours. Bulls will likely beef up their efforts if SHIB cracks resistance at $0.00001100. Such a move will also invalidate Shiba Inu's extended downtrend within the confines of a falling parallel channel. Shiba Inu price is back on the drawing board but is it time to buy? The falling channel's throughline was handy for SHIB on Thursday after slashing its value by slightly over 5% in a day. Now, all eyes are fixated on the token's ability to break free from the bearish shackles reinforced by the channel's upper boundary. Shiba Inu price bullish breakout could be a matter of when – not if based on insight from the Stochastic oscillator, currently brushing shoulders with the midline. The index has formed a positive divergence from the moving average , a condition that may continue calling sidel...