New Shiba Inu bullfight (SHIB) possible but under important conditions: details

The market opened in the green today and SHIB is looking to go higher.

Key support levels: $0.000011

Key resistance levels: $0.000014

1. SHIB turns bullish

After a long consolidation in August, SHIB appears to have found bottom and is ready to explore higher levels. The support at $0.000011 has held well and the bulls are now pressing the key resistance at $0.000014. If it breaks, a new rally could begin.

Chart by TradingView

2. Downtrend about to end?

If buyers return here, then SHIB could end this months-long downtrend. To achieve this, it is critical that this meme coin turns the $0.000014 level into support. Based on the price action, this week looks decisive for where SHIB will go.

Chart by TradingView

3. Bullish returns

The daily MACD turned bullish last week and now the two-day MACD did the same. This shows that buyers are starting to get the upper hand, and as long as this momentum continues, it could lead SHIB to a sustained uptrend.

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