Shiba Inu (SHIB): Massive Trend Reversal Incoming
2025-07-17 09:37:31
Main Idea
Shiba Inu (SHIB) is on the verge of breaking a seven-month downtrend, with potential for a long-term reversal if it surpasses key resistance levels.
Key Points
1. SHIB is currently trading at approximately $0.00001441 and has surpassed the 50-day and 100-day EMAs, indicating strong underlying momentum.
2. The 200-day EMA at $0.00001451 is a critical resistance level; breaking it could lead to a retest of higher price zones around $0.0000165 and $0.0000180.
3. The RSI is at 72, suggesting overbought conditions, which could lead to a harsh rejection if SHIB fails to break through the 200 EMA.
4. The next few candlesticks will determine whether SHIB successfully breaks out of its rangebound pattern or faces rejection.
Description
Shiba Inu could finally be ready for long-term reversal following breakout of 200 EMA
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