Shiba Inu (SHIB) is again showing a bullish trend, recovering by 30% in recent sessions. Technical analysis indicates possible continuation of growth.
Confirmation of Breakout Signal
Recent price changes indicate the formation of a confirmed reversal pattern after an extended downtrend. RSI indicators support the bullish shift by aligning momentum divergence with breakout levels. Current market conditions nurture an upward extension above recently broken resistance zones.
Market Structure and Buy-Sell Positioning
Trading analysis is based on real-time order behaviors and intraday volatility. A recorded 6.11% price increase during the observed period reflects aggressive rejections. Buy walls appeared around $0.00001598 while selling resistance formed between $0.00001600 and $0.00001660, indicating controlled liquidity levels.
Long-term Forecasts and Analysis
Analysts like Javon Marks suggest a continued rise towards $0.000081 based on divergences and strong buying signals. The potential upside could reach 105% from current levels. Visually, this aligns with chart confirmations supporting bullish continuation after key level breaks.
Shiba Inu maintains focus among market participants due to its bullish dynamics. Technical indicators and market structures indicate opportunities for further growth.
