Shiba Inu Sparks Interest with Bullish Trends

Key Points

1. Shiba Inu (SHIB) is displaying a 'golden cross' pattern on the hourly chart, where the 50-day moving average surpasses the 200-day moving average, indicating potential bullish momentum.

2. SHIB's trading volume has visibly increased in recent days, suggesting growing market interest.

3. Whales have purchased approximately 10.4 trillion SHIB coins (valued at around $110 million) after SHIB hit its lowest level in 16 months.

4. SHIB's price recovered by 11% last week but faces a critical resistance zone between $0.00001180 and $0.00001190; staying above this level could lead to a rise toward $0.00001220.

5. Downward risks remain, with SHIB reverting to a support zone around $0.00001145, and sellers potentially targeting $0.00001140.