SHIB Approaches Breakout, Driven by Buying Momentum & Tight Range

Shiba Inu (SHIB) is poised for a potential price surge as bulls target a crucial resistance level. Recent increases in trading volume signal buyer activity and a shift towards upward momentum. The token’s current range near its 50-day exponential moving average reflects the tight pressure of traders, with support levels at $0.000012. This tight range is creating a symmetrical triangle formation, often resulting in sharp volatility bursts as SHIB breaks through dominant market direction.