SHIB Dey Eye $0.000025 After Bullish Breakout and Consolidation
Shiba Inu (SHIB) don don break pass long-term descending channel, now e dey consolidate between $0.000011 and $0.000012. This breakout show say market go bullish for SHIB and e show strong support for this levels. On-chain data show say active address count steady reach 1.41 million, e mean network activity stable during consolidation. SHIB slip 7% last week as trading quiet small, average daily volume na $197 million. Technical indicators still support more gains: token dey trade above im 50-day moving average while Relative Strength Index cool down to neutral, this one mean say space dey for another rally. Analysts dey project resistance levels at $0.000014, $0.000018, $0.000021 and main target na $0.000025. Before, falling wedge breakout also point to say price go continue dey rise. Traders suppose dey watch volume profile and on-chain metrics well to know when to enter as SHIB dey eye next resistance.
Bullish
Di article talk show clear bullish technical setup for SHIB. When e break pass long-term descending channel come reclaim the 50-day moving average, e dey usually mean say trend go change. The consolidation for $0.000011–$0.000012 show say accumulation dey healthy, confirmed by stable on-chain addresses. The cooling RSI mean say new momentum dey for buyers. On-chain and volume profile data dey align with past memecoin surges wey happen after wedge or channel breakouts. For short-term, traders fit see quick gains reach the projected $0.000014–$0.000018 resistance. For long-term, if participation steady and market conditions better, SHIB fit reach im $0.000021 and $0.000025 targets. Generally, the indicators and historical comparisons dey show bullish outlook.