Shiba

when

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/shib-burns-skyrocket-5803-with-264-million-shiba-inu-ablaze" rel="noopener noreferrer nofollow">Key upcoming Shiba Inu</a> dates that could determine its short-term trajectory are May 11 and 12, pivotal days when SHIB is expected to approach and potentially challenge a major technical barrier: the 50-day Exponential Moving Average.
Currently, <a href="https://u.today/bitcoin-btc-on-verge-of-losing-60000-is-shiba-inu-shib-ready-for-it-solana-sol-forms-reversal" rel="noopener noreferrer nofollow">SHIB</a> has found support at the 100 EMA, a sign that suggests upward movement might be on the horizon. The 100 EMA has historically acted as a strong foundation from which the price can rebound, and recent patterns suggest that SHIB is poised for such a move. With this level providing a bounce, there is a realistic expectation that SHIB will test the 50 EMA within the next couple of days. <img alt="SHIBUSDT" data-entity-type="file" data-entity-uuid="b44acbce-e12d-412e-b984-34b8dbbb7be6" src="https://u.today/sites/default/files/inline-images/image_771.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">SHIB/USDT Chart by TradingView</a>
The significance of the 50 EMA cannot be overstated for SHIB. It represents the most formidable resistance level facing the token at the moment. A break above this threshold could signal a significant bullish trend, but a failure to surpass it might reinforce a bearish outlook due to the breakdown below crucial resistances.
Adding to the anticipation are the narrowing price bands <a href="https://u.today/over-24-million-shiba-inu-shib-tokens-destroyed-will-price-rebound" rel="noopener noreferrer nofollow">SHIB</a> has been experiencing. This narrowing typically precedes a period of heightened volatility as the price consolidates before making a substantial move. With the price compression becoming increasingly tight, a volatility explosion is highly likely. Such movements are often catalysts for breaking through significant technical levels like the 50 EMA.
These dates could be crucial for Shiba Inu as they might not only shape immediate price actions but could also set the tone for its medium-term market positioning.

Shiba Inu (SHIB) Key Dates Are May 11 and 12, Here's Why

U_Today

Other articles published on May 10, 2024

Study Reveals AI Can Accurately Predict Human Age by Analyzing Hands

Shiba Inu To Reach New Price Levels?

Change Of Heart: Crypto Scammer Returns $34.7 Million To Victim’s Address

Bitcoin and Ethereum Market Dynamics

Crypto Custody Legislation Is Now Blocked By Joe Biden Administration

Most Trending Cryptos on Ethereum Chain Today – Arky, Pepe, Kendu Inu

Join our free newsletter for daily crypto updates!