Shiba Inu (SHIB) has broken above a descending trend line resistance, signaling a potential shift towards bullish momentum after weeks of consolidation. This technical breakout has sparked renewed optimism among market participants, with the next target set at $0.000065. However, a retest near $0.000055 may occur to consolidate liquidity before the rally continues. On-chain data supports this bullish outlook, with SHIB recording positive inflows of approximately 800 billion tokens, valued at $4.8 million. This influx suggests increased investor interest, potentially driving the price higher if demand remains steady. Despite the positive signals, short-term caution is advised as momentum indicators hint at a possible correction before the upward trend resumes.
Shiba Inu Breaks Resistance, Targets $0.000065 Amid Bullish Momentum
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