SHIB’s price continues to struggle as price ranges in a descending triangle with a major breakout imminent. SHIB trades below key resistance as price ranges under 8 and 20-day EMA. The price of SHIB struggles to flip key resistance into support, with eyes set on retesting a high of $0.00002. Shiba Inu (SHIB), one of the most loved crypto memecoin winning the heart of many after a few months’ surge, could replicate this move. All indicators and patterns show that Shiba Inu’s price (SHIB) is long overdue for a rally to a region of $0.00002 and even high if bulls are willing to push this price to a new height despite the current market downtrend. Shiba Inu (SHIB) has had a favorable response as the prices of altcoins and the crypto market look to bounce from their key support areas, with SHIB’s price looking more stable for a major rally to $0.00002. (Data from Binance) Related Reading: Ethereum Name Service (ENS) Breaks Out, Can Price Hit $20? Shiba Inu (SHIB) Price Analysis On The Weekly Chart. Despite struggling to break above $0.00012 in recent weeks, the price is rejecting a range-bound movement to trend higher to a region of $0.00002. SHIB’s price found its weekly support at $0.00000780 after the price dropped by over 70% in the past few months, as the current market has not given SHIB the space to trend. There is no doubt that the price of SHIB continues to show great signs of recovery, with m...
