Shiba Inu

Shiba Inu (SHIB) has seen a price increase as predicted by Cryptotale earlier. The weekly candlestick chart for SHIB/USDT on Binance shows important levels and points of interest. Hence, traders are attentively observing to see if SHIB will reach its next major point of interest (POI).<h2 id="header-0">Break of Structure</h2>In 2024, the chart of <a href="https://cryptotale.org/shiba-inu-shib-eyes-470-surge-after-bullish-breakout/" rel="noopener noreferrer nofollow">SHIB </a>displays a break of structure (BOS) at the beginning. This represented a change from a downslope to a consolidation phase. The support line is a dotted trendline created from late 2023 until early 2024. Up until the most recent retracing, this trendline matched historical low points and steered positive momentum.Further, the chart highlighted important zones of interest and areas of buying and selling pressure. The demand point of interest (POI) is close to 0.00001200. This zone has constantly drawn purchases, causing price swings.In contrast, the top Supply POI of <a href="https://cryptotale.org/shiba-inus-stablecoin-launch-to-enhance-shibarium-network/" rel="noopener noreferrer nofollow">SHIB </a>falls between 0.00002400 to 0.00003000. When selling pressure from previous price increases stopped, this zone reflected a resistance zone. SHIB was trading at $0.00001954 during the time of press, displaying a 35% weekly rise. This indicates increasing momentum, but the price is almost at crucial resistance.<a href="https://cryptotale.org/shib-surged-to-42-as-focus-shifts-to-new-point-of-interest/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

SHIB Surged to 42% as Focus Shifts to New Point of Interest

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