Key Support level: $0.000048; $0.000044
Key Resistance level: : $0.000055; $0.000062
Two days ago, we hinted that SHIB might be preparing for a bull run. Yesterday, this was confirmed when the cryptocurrency broke above the descending wedge (in blue, this is a bullish formation). With this breakout, the buyers flooded into SHIB, and volume spiked, taking the price all the way to $0.000054 at the time of this post. This is a 35% price increase in the span of a day.
The key support can be found at $0.000044 and the next resistance at $0.000055. Considering the momentum behind SHIB, the price can quickly move past existing levels in its search for a new valuation.