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Shiba Inu Ready to Bark Again? Price Action Signals a Breakout

  • Shiba Inu (SHIB) may be gearing up for another big move after a prolonged downtrend and sideways action.
  • On the daily chart, SHIB has shown a mild recovery, reclaiming key moving averages and testing higher targets.
  • The hourly chart reveals short-term bullish signals with SHIB trending above key moving averages and showing a mini-bull flag breakout.
  • A daily close above the 50-day SMA could potentially spark a rally as SHIB prepares to enter a launch zone.

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