• Shiba Inu is in an uptrend with clear higher highs since late June.
• Buyers continue to dominate the chart and push the price even higher.
• Momentum remains positive on both MACD and RSI indicators.
Shiba Inu Price Analysis
Shiba Inu is in a clear uptrend, with momentum still favoring bulls. The price has been making higher highs since late June, and buyers continue to dominate the chart, pushing it even higher.
Key Support & Resistance Levels
The key support level for SHIB is $0.0000080 while the key resistance level is $0.0000094.
Uptrend & Bearish Wedge Formation
SHIB appears to be forming a bearish wedge which could see the price break under it once the key resistance is hit.
Despite regular pullbacks, buyers are still flooding in whenever SHIB breaches a key resistance, pushing up its price in a short amount of time.