Shiba

Based

Resistance

Momentum

Shiba Inu

<p style="text-align: left;">The market opened today in green and SHIB is keen to break higher.</p>
<p><strong>Key Support levels: $0.000011</strong></p>
<p><strong>Key Resistance levels: $0.000014</strong></p>
<h2 id="1-shib-turns-bullish">1. SHIB Turns Bullish</h2>
<p>After a long consolidation in August, SHIB appears to have found a bottom and is ready to explore higher levels. The support at $0.000011 held well and now bulls are putting pressure on the key resistance at $0.000014. If broken, a new rally could commence.</p>
<figure id="attachment_354776" aria-describedby="caption-attachment-354776" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-13.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-354776" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>&nbsp;</p>
<div class="mceTemp">
 <h2 id="2-downtrend-about-to-end">2. Downtrend About to End?</h2>
 <p>If buyers return here, then SHIB could put an end to this downtrend that has lasted for months. To achieve that, it is critical for this meme coin to turn the $0.000014 level into support. Based on the price action, this week appears decisive on where SHIB will go next.</p>
 <figure id="attachment_354775" aria-describedby="caption-attachment-354775" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-354775" src="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35.png" alt="SHIBUSDT_2024-08-20_14-05-35" width="2437" height="1145" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-300x141.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-1024x481.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-768x361.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-1536x722.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-2048x962.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-05-35-50x23.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
  <figcaption id="caption-attachment-354775" class="wp-caption-text">
   Chart by TradingView
  </figcaption>
 </figure>
 <p>&nbsp;</p>
 <div class="mceTemp">
  <h2 id="3-bullish-momentum-returns">3. Bullish Momentum Returns</h2>
  <p>The daily MACD turned bullish last week and now the two-day MACD did the same. This shows that buyers are starting to have the upper hand, and as long as this momentum continues, they could take SHIB into a sustained uptrend.</p>
  <figure id="attachment_354774" aria-describedby="caption-attachment-354774" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-354774" src="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14.png" alt="SHIBUSDT_2024-08-20_14-06-14" width="2437" height="1147" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-300x141.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-1024x482.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-768x361.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-1536x723.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-2048x964.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/SHIBUSDT_2024-08-20_14-06-14-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
   <figcaption id="caption-attachment-354774" class="wp-caption-text">
    Chart by TradingView
   </figcaption>
  </figure>
  <div class="mceTemp">
   For more updates on the ecosystem, make sure to check out our <a href="https://cryptopotato.com/shibarium-news/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shibarium news</a>.
  </div>
 </div>
</div>
<p>The post <a href="https://cryptopotato.com/new-shiba-inu-shib-bull-run-possible-but-under-an-important-condition-details/" rel="noopener noreferrer nofollow">New Shiba Inu (SHIB) Bull Run Possible but Under an Important Condition: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

New Shiba Inu (SHIB) Bull Run Possible but Under an Important Condition: Details

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