Shiba Inu (SHIB): Zero Removal Cancelled, Bulls Are Here

Key Points

1. SHIB has steadied itself after weeks of selling pressure and a failed attempt to break above the 50-day EMA, maintaining optimism for recovery.

2. The daily chart shows SHIB found support at $0.0000120, but it remains below the 50-day EMA ($0.00001296) and 100-day EMA ($0.00001324).

3. Bulls need to overcome resistance from the 200-day EMA to regain control and potentially push the price higher.

4. The RSI has recovered slightly from oversold territory (now between 44-45), allowing room for further upside if momentum holds.

5. If SHIB fails to stay above $0.0000120, it may test the next support zone at $0.0000115-$0.0000110.