$SHIB
SHIB
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Shiba Inu price is approaching the 50-day EMA at $0.0000060 on Tuesday, following a mild recovery the previous day. SHIB has been consolidating within the horizontal range of $0.0000056–$0.0000063 for more than a month.
If SHIB closes above the 50-day EMA at $0.0000060 on a daily basis, it could extend the rally toward the upper channel of consolidation at $0.0000063. A close above this level could extend further gains toward the 100-day EMA at $0.0000065.
If SHIB faces rejection and corrects, it could extend the decline toward the lower channel range at $0.0000056.