Shiba Inu (SHIB) appears to be gaining bullish momentum according to recent price action and analysis. After months of decline, SHIB looks poised for a possible trend reversal and breakout based on technical factors identified by traders.
Keypoints
- Shytoshi Kusama, the anonymous leader behind Shiba Inu coin, posted intriguing messages on Telegram hinting at major collaborations.
- Kusama mentioned having discussions with “VERY important individuals” and prominent figures for Shiba Inu’s next phase of growth.
- He suggested “silence is the best weapon” pointing to potential partnerships or deals happening behind the scenes.
- Shiba Inu (SHIB) has broken out above a local downtrend resistance, signaling potential bullish momentum ahead.
- SHIB is nearing the 50-day exponential moving average (EMA), which if crossed decisively could lead to further upside.
SHIB has overcome a local downtrend resistance on its daily…
