Shiba Inu (SHIB) Records First Major Bullish Signal
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Shiba Inu cryptocurrency has printed its first notable bullish signal, breaking above the 26-day EMA and showing potential for a short-term trend reversal. Trading near $0.00001337, SHIB has support around $0.0000122 and potential resistance at the 50 EMA near $0.0000145. The RSI of 50.75 and increased market liquidity suggest growing momentum, though long-term bearish indicators remain.
March 25, 2025 | 10:00 am
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Technical analysis indicates potential short-term bullish momentum with price breaking above 26-day EMA and RSI showing strength.
Breaking above 26-day EMA, increased volume, and RSI around 50.75 suggest potential short-term price appreciation. However, long-term EMAs remain bearish, indicating caution.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100