🔥🔥🔥 Shiba Inu ($SHIB ) Reaches 30-Day Peak: Is a New All-Time High on the Horizon?
Shiba Inu (SHIB) shows strong bullish momentum, recently hitting a notable 30-day high. This upward trend, which began in mid-October, has drawn investor interest as SHIB trades above a key trendline support. Increased buying volume reinforces this bullish sentiment, suggesting sustained demand.
Currently, SHIB faces resistance around $0.00001900—a level that has previously blocked further gains. Breaking above this resistance with strong volume could clear a path for SHIB to approach its all-time high (ATH). Failing to surpass this level, however, may lead the asset to retrace to support near its 50-day moving average.
The broader crypto market is also gaining strength as political uncertainty eases after the recent U.S. midterm elections, with investors growing more open to risk. This favorable environment could support assets like SHIB, as many expect further growth following this period of reduced geopolitical tension.
For SHIB to continue its rally, it must maintain high volume and decisively break through local resistance. Success here could propel SHIB into a new growth phase, potentially revisiting levels not seen since its last bull run. However, traders should watch for any signs of weakening momentum at resistance points, as these could signal a temporary pullback. Overall, SHIB’s recent performance is promising, but a sustained breakout is needed to confirm its path toward ATH.
