Shiba Inu Price Struggles at Resistance as Analysts Forecast Potential 94% Surge

Despite recent gains, Shiba Inu (SHIB) price remains trapped under heavy resistance, exhibiting a downtrend despite a limited bounce last week. The chart is marked by two prominent descending trendlines that continue to cap the token’s upward movement, with SHIB trading around $0.000009805 after today’s 2.4% dip. Analyst opinions suggest a potential shift in momentum if SHIB breaks above these resistance levels, but a decisive breakout is crucial for any significant changes.