$SHIB /USDT Analysis đ
$SHIB has successfully broken out of a descending trendline, indicating a bullish reversal in the short term. The current price action shows a strong upward momentum, with a significant price gain of +6.53%. This breakout above the resistance level of 0.00001712 could potentially lead to further upward movement.
đ The increasing buy-side pressure suggests that bulls are gaining control, and if the trend continues, we could see $SHIB test higher resistance levels around 0.00001750 - 0.00001800. Short-term traders may find this a key point for entry, but caution is advised as volatility remains high.
đĄ Stay updated and manage risk accordingly as SHIB's upward breakout could lead to dynamic price action in the next sessions.
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