Strong Support at $0.000012 Could Propel SHIB Price 15% Higher

News, Trending

  • SHIB holds strong at $0.000012 support, attracting renewed buying interest.  
  • Momentum indicators, including MACD and RSI, suggest a bullish breakout is approaching.  
  • A break above $0.000014 could lead to a potential 15% price surge.

Shiba Inu (SHIB) is gaining attention today after holding key support. The $0.000012 level has proven strong once again, with buyers stepping in to push the price higher. As momentum builds, SHIB could soon test its key resistance at $0.000014. If this happens, the token might see a 15% surge in the days ahead. 

SHIB Holds Firm at Key Support

This is the second time SHIB has bounced off the $0.000012 support. Buyers are returning at this price, showing strong interest in the token. Today, SHIB moved into positive territory, reflecting this renewed confidence. With momentum picking up, SHIB could soon test the $0.000014 resistance. A strong push from buyers might break this level, opening the door for a bigger rally. 

Source: Trading View

Momentum indicators are turning bullish for SHIB. The MACD histogram on the daily chart is showing higher lows. This signals that a bullish crossover is close. If buyers stay active, SHIB’s price might rise more. Consolidation around these levels is giving SHIB the time it needs to build strength and prepare for a breakout.

RSI Points to a Positive Trend

The RSI is another key indicator pointing to a potential rally. Since August, the RSI has been making higher lows, showing growing strength. Recently, the RSI moved above its moving average. This is a bullish signal, indicating that buyers are in control. 

If SHIB breaks above the $0.000014 resistance, it could trigger a strong rally. SHIB’s technical signals suggest that a 15% surge is possible. The token has found strong support and is showing signs of bullish momentum. If buyers can push SHIB above the $0.000014 resistance, it could spark a major rally.

The post Strong Support at $0.000012 Could Propel SHIB Price 15% Higher appeared first on Crypto News Land.

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