SHIB / TetherUS
Long

SHIB: Resistance Breakout

609
Shiba Inu (SHIB) technical analysis:

Trade setup: Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.

Support and Resistance: Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.

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