Shiba Inu Hits Monthly Peak — Is Another Record-Breaking Rally Coming?

Quick Summary:

Shiba Inu: Breaking Through Resistance SHIB needs to break out above this zone of resistance, thus keeping the upward momentum intact.

After achieving a significant 30-day high, SHIB has embarked on an upward trajectory, leading many to speculate about its potential to attain new heights—perhaps even its all-time high (ATH).

Conversely, if it fails to overcome this obstacle, SHIB might encounter a pullback toward its support levels, which are around the 50-day moving average, where it could consolidate and gather strength for another attempt.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Altcoins Crypto SHIB Meme coins Shiba Inu

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 23:30:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23465985

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About NewsBTC

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