Shiba Inu Insider Goes All In on This Cheap Token—A 12,000% Price Boom Could Be Just Ahead!

Shiba Inu (SHIB) has experienced a notable increase recently. Over the past week, its price has risen by 1.51%, and in the past month, it surged by 17.69%. However, looking back six months, SHIB is still down by 29.41%. The current price range is between $0.00001211 and $0.00001371, indicating some volatility in the market.

Technical indicators show that SHIB is trading above its 10-day and 100-day simple moving averages, which are $0.00001320 and $0.00001277, respectively. The Relative Strength Index (RSI) is at 78.12, suggesting that the token is overbought. The Stochastic indicator is also high at 91.70. The MACD level stands at 1.7943e-7, indicating positive momentum.

SHIB faces immediate resistance at $0.00001475. If it breaks this level, the next resistance is at $0.00001635, which would represent a significant upside. On the downside, support is found at $0.00001155, with a secondary support at $0.000009956. Traders are watching these levels closely to gauge the token’s next move.