Shiba Inu rebounds: The bullish case for a price surge
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Shiba Inu experienced a 20% price retracement after reaching $0.0000152, but technical indicators suggest potential bullish momentum. The daily chart shows accumulation, rising On-Balance Volume (OBV), and a recovering Relative Strength Index (RSI). Despite short-term bearish structure on the 4-hour chart, the longer-term daily chart indicates potential for price recovery.
April 02, 2025 | 1:15 am
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Technical analysis suggests Shiba Inu might be preparing for a price surge, with supportive indicators on the daily chart despite recent price volatility.
Daily chart shows accumulation, rising OBV, and recovering RSI. Bitcoin's market weakness temporarily impacted price, but longer-term structure remains bullish.
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RELEVANCE 100