Shiba Inu dey eye 50% rally if SHIB clear $0.0000070 resistance
Shiba Inu (SHIB) don show renewed bullish momentum after e break short-term downtrend line and retest dat breakout. The token break di trendline near $0.00000630 on March 13, briefly dip to $0.00000578 on di retest, den rebound come face immediate resistance around $0.00000630–$0.00000644. Analysts dem identify di critical breakout zone at about $0.0000070 — dis level tie to longer-term trendline and di September high wey cap SHIB’s January rally near $0.00001009. If e confirm move pass $0.0000070 e fit open road go di $0.000010 psychological level, meaning roughly 50% upside. Weekly chart show falling wedge and di first green weekly candle since early January, with buyers dey defend lower support; but broader context from earlier coverage note say SHIB don previously hold weekly support near $0.0000060 and rally from lows around $0.0000068 to higher levels, yet e still dey trade under bigger multi-week resistance near $0.000010–$0.000011. Key technical indicators still mixed: short-term price action dey constructive but weekly RSI and MACD no too show strong bullish conviction. For traders, monitor support at $0.00000578, immediate resistance at $0.00000630–$0.00000644, and di decisive $0.0000070 breakout level; volume and sustained close above $0.0000070 go need to confirm bullish shift, while failure to hold recent gains go favour continuation of di longer-term downtrend.
Bullish
Di report dem show say cautious bullish dey for SHIB. Short-term technicals show say dem don break one downtrend line, den dem do successful retest of that breakout near $0.00000578, and momentum don dey push quick to $0.00000630–$0.00000644. The critical signal na if e sustain pass $0.0000070; if e happun with more volume, e fit validate the falling-wedge reversal pattern and make rally go towards $0.000010 (~50% upside). Weekly price action — first green weekly candle since January and lower support wey dem defend — dey support possible trend change but indicators (RSI, MACD) and the higher multi-week resistance around $0.000010–$0.000011 dey reduce confidence. For traders, the news dey increase chance of short-to-medium-term bullish move depending on volume and solid close above $0.0000070; if e no hold recent gains SHIB likely go remain range-bound or resume the long-term downtrend.