Shiba

bullish

Momentum

Shiba Inu

<p style="text-align: left;">SHIB is up today after the key support defended the price.</p>
<p><strong>Key Support levels: $0.000012</strong></p>
<p><strong>Key Resistance levels: $0.000014</strong></p>
<h2 id="1-shib-finds-support">1. SHIB Finds Support</h2>
<p>This is the second time SHIB tested the $0.000012 support. So far, buyers look keen to return at these levels and the price turned positive today. If this momentum intensifies as the week progresses, a test of the key resistance at $0.000014 seems likely.</p>
<figure id="attachment_358821" aria-describedby="caption-attachment-358821" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-05-49.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-358821" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-bullish-momentum-is-returning">2. Bullish Momentum is Returning</h2>
<p>The price has been consolidating at these levels which is giving time for the momentum indicators to turn bullish. For example, the MACD histogram on the daily timeframe is making higher lows and a bullish cross appears imminent if buyers persist.</p>
<figure id="attachment_358818" aria-describedby="caption-attachment-358818" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-358818" src="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33.png" alt="SHIBUSDT_2024-09-09_15-06-33" width="2437" height="1188" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-768x374.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-2048x998.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-06-33-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-358818" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-the-rsi-is-making-higher-lows">3. The RSI Is Making Higher Lows</h2>
<p>Since the drop in early August, the daily RSI has been making higher lows. Most recently, the RSI has crossed above its moving average which is a bullish signal. If this continues with a breakout above the key resistance, SHIB could rally again.</p>
<figure id="attachment_358820" aria-describedby="caption-attachment-358820" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-358820" src="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15.png" alt="SHIBUSDT_2024-09-09_15-07-15" width="2437" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15.png 2437w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/09/SHIBUSDT_2024-09-09_15-07-15-50x24.png 50w" sizes="(max-width: 2437px) 100vw, 2437px"></a>
 <figcaption id="caption-attachment-358820" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>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>.</p>
<p>The post <a href="https://cryptopotato.com/shiba-inu-price-outlook-shib-eyes-15-surge-if-bulls-maintain-momentum/" rel="noopener noreferrer nofollow">Shiba Inu Price Outlook: SHIB Eyes 15% Surge if Bulls Maintain Momentum</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Shiba Inu Price Outlook: SHIB Eyes 15% Surge if Bulls Maintain Momentum

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