#shib $SHIB

Shiba Inu 4-Hour Analysis. Source: TradingView

Combined with the MACD positive reading, this trend implies that Shiba Inu’s momentum is bullish. Thus, if the momentum improves, the token’s value might jump.

By the look of things, SHIB could increase toward $0.000016. However, if it fails to break above the overhead resistance at $0.000014, the price could drop to $0.000012, where the 38.2% bear market floor positions.