Shiba Inu (SHIB) is approaching a vital resistance level that could change its trajectory for 2025. This article explores the current conditions and expected outcomes.
Key Level Testing
SHIB is currently testing the 200-day exponential moving average (EMA), which has long capped bullish attempts. The current price sits at approximately $0.00001441, placing the coin on the brink of a critical breakout.
Potential Trend Reversal
If SHIB can decisively break above the $0.00001451 level, this would signal the start of a new bullish phase. It could also lead to a retest of higher zones around $0.0000165 and $0.0000180.
Current Market Situation
According to current data, the relative strength index (RSI) is at 72, indicating strong buying pressure but nearing overbought territory. Increased trading volumes are also observed, adding to the conditions for a breakout.
Shiba Inu stands at an important stage in its price cycle. Success in breaking the 200 EMA could herald a new bullish trend, while failure could reinforce the current bearish trend.
