Shiba Inu Eyes Potential Breakout as It Tests Key 200-Day EMA Resistance in 2025 Cycle
2025-07-17 09:36:13
Main Idea
Shiba Inu (SHIB) is testing a key resistance level at the 200-day EMA, with potential for a bullish breakout in 2025, influenced by whale activity and strong buying momentum.
Key Points
1. Shiba Inu's price has surpassed the 50-day and 100-day EMAs, indicating bullish pressure, but faces a critical test at the 200-day EMA around $0.00001451.
2. A breakout above the 200-day EMA could target higher resistance levels at $0.0000165 and $0.0000180, signaling a shift in market structure.
3. The Relative Strength Index (RSI) is at 72, showing strong buying momentum, though it suggests caution due to overbought conditions.
4. Whale activity is increasing, reflecting growing bullish sentiment, which could be decisive in overcoming the 200-day EMA resistance.
5. Investors should monitor the 200-day EMA closely, as its outcome will significantly influence SHIB's price trajectory in 2025.
Description
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