Potential Growth and Resistance Levels

Last week, the price of SHIB increased. It received support from buyers, which helped it move up to the upper part of a descending channel, staying within a specific resistance range. These resistances are usually seen as negative because Shiba Inu is currently in a downtrend. However, the support from a short-term uptrend line within the resistance range could create a narrow range. This suggests that a significant price movement for Shiba Inu is anticipated in the near future. If the resistance at the top of the descending channel is broken, the price of Shiba may continue to rise up to $0.00000935. On the other hand, if the upward trend line is broken, sellers will likely target previous price floors at the levels of 0.00000702, 0.00000600, and 0.00000570.