Once again, Shiba Inu is gaining momentum, as the asset is trying to break through the decisive resistance level of $ 0.000013. With a significant increase in the volume of bidding and a chain of higher minimums developing on the graphics, SHIB demonstrated signs of restoration after a long period of consolidation and descending pressure. It is still unclear whether this is the beginning of a significant breakthrough.
The current Shib price movement is focused on $ 0.000013, which served as resistance and support in past market movements. A strong rupture above this level can start rally in the direction of the following important resistance levels, which amount to $ 0.000016 and $ 0.000018. The Shiba Inu historically experienced sharp fluctuations in prices when leaving the consolidation zones, and the current technical configuration increases the possibility of a similar situation.
The Shiba benefits from a number of bull indicators. Approaching the midline, the relative force (RSI) index indicates a growing purchase impulse without entry into force of the territory. In addition, checking the descending line of the trend, which limited the movement of the price of the student for several weeks; A break above can lead to a splash of fresh purchase. In addition, the SIB volumetric profile indicates an increase in the accumulation, which is usually achieved before the price increase.
The idea that institutional investors and whales can be built before a possible breakthrough is supported by an increase in transaction volume. Although more and more optimism, Shib traders should be careful. The second tracking to the level of support in the amount of 0.000012 US dollars, probably, if the asset cannot be closed above $ 0.000013 with a significant volume. Refusal at this level may indicate a more descending pressure, delaying any possible breakthrough and maintaining a long period of consolation of the Shiba.
