Shiba Inu Price Breaks Above 100-Day Moving Average Signaling Bullish Momentum

Shiba Inu (SHIB) has broken above the 100-day moving average, indicating potential bullish sentiment and a shift in market structure. Key points include:

The breakout suggests renewed upward potential if sustained.
Increased trading volume indicates a possible uptrend challenging seller dominance.
The MACD signaling positive momentum reinforces buyer control.
A decisive breakout with rising volume could lead to a rally towards $0.00001703.
Breaking this resistance may invalidate bearish expectations, targeting higher levels at $0.00002045 and $0.00002631.

Support zones to monitor include:

The 100-day SMA, now acting as support.
If selling pressure rises, the next critical support is around $0.00001272.
A break below this could push prices toward $0.00000847 or lower.

Maintaining strength above these support levels is crucial for SHIB's bullish outlook and to prevent further corrections.