Shiba Inu (SHIB) bounced back from $0.00002367 to $0.00003262, showing a 37.8% increase in a week, driven by Bitcoin’s rebound.
SHIB formed an ascending channel pattern, indicating potential for sustained uptrend towards $0.000032 and possibly $0.000035 and higher.
SHIB’s Commodity Channel Index (CCI) at 53.10 on the daily timeframe suggests room for growth. Resistance lies at $0.00003487, with further targets beyond.
Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has shown remarkable resilience and potential for a more substantial rally after recovering from its recent bottom at $0.000023.
SHIB dropped to $0.00002367 on March 20 amid the broader market’s collapse, coinciding with Bitcoin (BTC), the premier cryptocurrency, slumping to $60,775.
However, as Bitcoin recovers from this low, SHIB has leveraged the ongoing push to reclaim previous highs, skyrocketing from the March 20 low to a high of $0.00003262 today, marking a 37.8% increase over a one-
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