Shiba Inu (SHIB) continues to exhibit impressive results in the market. After breaking through key resistance levels, the price has reached new highs. However, this growth may be accompanied by fluctuations and corrections.
Current Achievements of Shiba Inu
Recently, Shiba Inu broke important resistance levels, reaching $0.00001548. This breakout has been a significant event in light of recent trading fluctuations.
Technical Indicator Analysis
According to the analysis, the Relative Strength Index (RSI) is at 78, indicating an overheated market. This could signify a potential short-term correction. Levels around $0.000016-$0.000017 may become a zone for profit-taking.
Future Forecasts
If the support level at $0.000014 holds, there is a possibility of continued upward momentum. The next significant resistance level could be at $0.0000185. However, if selling pressure increases and the price dips below $0.000014, it may lead to fluctuations and further negative consequences.
Shiba Inu shows powerful growth, but investors should be prepared for possible volatility. Monitoring key levels will be crucial for the future price movement.
