Will SHIB Jump 30% More?Bitcoin's Influence: Increasing Bitcoin dominance has positively impacted SHIB's price.
Current Status: SHIB is trading at $0.0000078, experiencing a sharp intraday loss of 1.01%.
Wedge Breakout: SHIB has broken out of a falling wedge pattern, signaling bullish momentum.
Technical Indicators - RSI: The RSI has bounced from the oversold zone to near the overbought zone at 70%.
Technical Indicators - EMA: The 50-day EMA shows a bullish reversal, teasing a golden crossover.
Recent Performance: SHIB has seen a 16% remarkable jump in the last ten days.
Critical Resistance: The 200-day EMA and $0.00000835 resistance are proving to be significant barriers.
Bullish Momentum: The breakout rally accounts for a 15.66% price jump and sustains above $0.00000750.
Potential Targets: If SHIB breaks the 200-day EMA, it could reach the $0.000010 mark.
Downside Risk: A fall below $0.00000750 could lead to a drop to $0.00000695.
Sideways Trend: The possibility of a sideways trend arises due to higher price rejection.
Market Sentiment: The overall sentiment is bullish, increasing optimism in Shiba Inu price predictions.