Shiba Inu (SHIB) price breached a key resistance level on October 21, which opened the possibility of a further rally. Investors can note that SHIB bu
Shiba Inu price has created a foothold, which could trigger a quick rally soon. A flip of the $0.00000694 hurdle is in progress and could catalyze a 7% run-up to $0.00000748. A daily candlestick close below the $0.00000684 support level will invalidate the bullish thesis. lls have the upper hand and are likely to take advantage of that in the coming week.
-hour chart On the contrary, if Shiba Inu price produces a daily candlestick close below the $0.00000684 support level, it will create a lower low. A failure to create a higher high after the said breakdown will indicate a trend reversal. These developments will invalidate the bullish thesis described above and potentially kickstart a selling spree. In such a case, Shiba Inu price could drop 3.6% and retest the October 19 swing low at $0.00000660.
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