Shiba Inu Price Shows Potential for Reversal, Is It Time to Invest?

The Shiba Inu price has seen a recent surge, but sustained momentum remains elusive. While buyers are providing support in the form of a strong buying pressure, the SHIB coin’s technical analysis points to potential upside. This comes after the SHIB coin struggled to maintain gains above its 100-day SMA at $0.0000133 and is currently trading around $0.0000131. Despite this short-term setback, the price chart indicates a downtrend from May’s highs. However, recent analysis suggests the coin might be poised for a significant upward movement.