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I just noticed that Shiba Inu is showing quite strong technical indicators right now. SHIB rose 3.3% to $0.056521, which is interesting considering Bitcoin and Ethereum only gained 3.3% and 3.2% respectively. It seems there is real buying demand.
What catches my attention the most is that the price remains within a fairly tight range, with support at $0.056186 and resistance at $0.056545. The RSI is near 76, which would normally indicate overbought conditions, but the MACD remains above the signal line, so the momentum is still bullish. Shiba Inu is trading near the top of the range, suggesting buyers are still pushing.
I don’t know if this is the start of something bigger, but there is definitely sustained interest in SHIB. The technical numbers don’t lie, and it looks like the price could attempt to break upward if this momentum continues.