Summary
- Shiba Inu (SHIB) price has increased by 6.5% in the last 24 hours and 12.5% over the past week.
- Breakout above a descending trend line suggests a potential reversal or weakening of bearish pressure.
- Key support levels at various EMAs and Fibonacci retracement levels indicate bullish momentum.
- High trading volume and neutral RSI support the legitimacy of the breakout and potential upward trajectory.
