Shiba Inu

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/shib-price-analysis-will-shib-price-reclaim-the-0-000011-mark/">SHIB Price Analysis: Will SHIB Price Reclaim the $0.000011 Mark?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Shiba Inu coin price jumps remarkably by 4.5% within the last 24 hours, creating a bullish engulfing candle. The price hike undermines the 2.82% fall over the weekend and displays a post-retest rally. 
Sustaining above the $0.0000080 support zone, the long-coming trendline breakout rally sustain continues to find bullish momentum. Moreover, the breakout rally reclaims the 100-day EMA and projects a prolonged buying spree to top the 200-day EMA. 
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The short-term price action also displays an ascending triangle pattern breakout, leading to the trendline breakout rally. This improves the chances of a prolonged buying spree. Moreover, the increasing trading volume supporting the bull run projects a long rally in SHIB prices.&nbsp; 
The MACD and signal lines maintain a bullish spike and a positive alignment with the rising histograms. This indicates a strong underlying bullish sentiment. Moreover, with the SHIB prices above the 100-day EMA, the recovering 50-day EMA teases a bullish crossover.&nbsp; 
Therefore, if the bullish momentum sustains, the SHIB prices can reach the $0.000011 mark with the 200-day EMA breakout. On the flip side, a reversal from the 200-day EMA at $0.00000931 can delay the $0.000010 breakout. The reversal rally can retest the bullish dominance at the $0.0000080 support zone.&nbsp;

SHIB Price Analysis: Will SHIB Price Reclaim the $0.000011 Mark?

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