Shiba Inu bullish momentum building? 🚀🔥Shib today analysis
SHIB / TetherUS BINANCE:SHIBUSDT
💎SHIB is currently making some fascinating moves, bouncing back from the support provided by the intersection of the horizontal and uptrend lines.
💎 Another observation is that it has faced rejection from the EMA 50 twice. The uptrend could potentially kick off before encountering a 10% EMA 50.
💎 The RSI being below 50 indicates that bears still have a hold on SHIB's price and could easily regain control if the bulls falter. If this occurs, the resulting selling pressure could push SHIB downwards.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
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