Shiba Inu (SHIB) Spillt Catchup Mat DOGE; Wäert Bulls Push Fir $ 0.00002?

• SHIB’s price shows strength as it continues its rally, with eyes set on a high of $0.00002 as the price tends to mimic DOGE. 
• SHIB could rally more as the price creates a bullish bias and holds above its range channel after a successful breakout.
• SHIB’s price remains strong on all timeframes as the price trades above the 50 Exponential Moving Average (EMA).

The price action shown by Shiba Inu (SHIB) in the past few days has been a replica of what we see with the price of DOGE in the past few days as it continues to lead the charge for memecoin rallies. Although the price of Shiba Inu (SHIB) has been under the shadow of DOGE, that hasn’t neglected the fact that the price has had a good run. With uncertainty in the crypto market creeping in, would this run be sustained? (Data from Binance)

Shib Inu (SHIB) Price Analysis On The Weekly Chart

The crypto market is looking increasingly welcoming as many altcoins continue producing over 150% gains over the past 7 days of breaking out of their range-bound movement. The likes of DOGE have seen some great runs rally accompanied by its rival SHIB.

Déi lescht Woche ware schwéier fir de Kryptoraum, mat villen Altcoins déi kämpfen fir hir Schlëssel Ënnerstëtzungsberäicher ze halen. Mat der Woch méi villverspriechend ausgesinn an Bitcoin (BTC) Präisser déi Traktioun gewannen, huet de Krypto-Maart e Mooss vu Relief genoss, awer dëst kann net fir den neie Mount gesot ginn, well d'Saachen e bëssen anescht kucken a punkto Präisser.

After its weekly close of above $0.00001, the price of SHIB rallied to a high of $0.00001300; the price faced a minor rejection to break higher to a region of $0.000015; the price struggled to break above this region.

The price of SHIB has maintained its bullish structure above the $0.000012 region as the price of SHIB eyes a rally to a region of $0.000018-$0.00002.

Wöchentlech Resistenz fir de Präis vum SHIB - $0.000018- $0.00002.

Wöchentlech Ënnerstëtzung fir de Präis vum SHIB - $ 0.000012.

Präis Analyse vun SHIB Op der Daily (1D) Chart

In the daily timeframe, the price of SHIB continued to look strong as the price held above its range channel, forming strong support to hold off the price from sellers.

SHIB currently trades at $0.00001290, just above its key support formed at $0.00001 after its successful breakout from a range channel with good volume as the price tried mimicking DOGE performance. 

The price of SHIB needs to break and hold above $0.000014 for more rallies to a region of $0.00002 

Deeglech Resistenz fir de SHIB Präis - $0.000014.

Deeglech Ënnerstëtzung fir de SHIB Präis - $ 0.000011.

Featured Image Vun zipmex, Charts Vun Tradingview