SHIB’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.0000122 with eyes set on $0.0000135. SHIB could rally more as the price creates more bullish bias breaking out of its range channel with good volume as SHIB army could push the price to $0.0000135. SHIB’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price of Shiba Inu (SHIB)has had a tough time dealing with this current bear market, with the price suffering so much decline in the past six months. The crypto market is looking increasingly welcoming as many altcoins continue producing over 30% gains. The likes of DOGE have seen some great runs in recent times rallying from a low of $0.055 to a high of $0.1 after the news broke out of Elon Musk taking over Twitter, considering he is referred to as DOGE father. This has affected DOGE positively, with many speculating if Shiba Inu (SHIB) can follow in the footstep of DOGE. (Data from Binance) Related Reading: Shiba Inu Facing Tough Hurdles For Weeks – How Could SHIB Overcome These? Shiba Inu (SHIB) Price Analysis On The Weekly Chart. SHIB has struggled to regain its bullish momentum in recent times; despite the uncertainty that has befallen the crypto space, the price of SHIB hasn’t enjoyed a measure of relief after showing so much strength on the weekly to how its key support zone of ar...
