Shiba

bullish

Burn

Strong

Shiba Inu

<ul class="wp-block-list news-points">
 <li><strong>SHIB’s breakout from the descending trendline suggests bullish momentum ahead.</strong></li>
 <li><strong>Key support at $0.00001000 could stabilize $SHIB during potential pullbacks.</strong></li>
 <li><strong>Strong trading volume indicates heightened investor interest in $SHIB’s upward potential.</strong></li>
</ul>
<p>Shiba Inu ($SHIB) has shown signs of a potential all-time high (ATH). A crypto Analyst has highlighted breakout from a descending trendline, suggesting bullish reversal in price action.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SHIB</a> is ready for a New ATH! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/BdXdsCQS4P" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BdXdsCQS4P</a></p>— $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1839270264338555245?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 26, 2024</a>
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</figure>
<h2 class="wp-block-heading" id="h-price-trend-analysis"><strong>Price Trend Analysis</strong></h2>
<p>The price movement of $SHIB/USDT <a href="https://coinedition.com/shibs-shiba-inu-army-can-they-keep-the-momentum-going/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">reveals</a> a consistent downward trend characterized by lower highs, depicted by a white descending trendline. This downward trajectory has raised concerns among investors about further declines.&nbsp;</p>
<p>However, the recent breakout above this trendline indicates a possible change in momentum, opening up opportunities for upward movement.</p>
<p class="has-text-align-center"><strong>Read also: <a href="https://coinedition.com/shiba-inu-burn-rate-surges-700-price-rally-fueled-by-kusamas-remarks/" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Surges 700%, Price Rally Fueled by Kusama’s Remarks</a></strong></p>
<h2 class="wp-block-heading" id="h-support-and-resistance-levels"><strong>Support and Resistance Levels</strong></h2>
<p>It is important to understand support and resistance levels to gauge future price movements. The previous low of $0.000…</p>
<p>The post <a href="https://coinedition.com/shiba-inu-shib-poised-for-new-all-time-highs-a-trend-analysis/" rel="noopener noreferrer nofollow">Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Shiba Inu ($SHIB) Poised for New All-Time Highs: A Trend Analysis

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