If we look at the daily RSI we can see that a breakout is possible soon! While the Squeeze Momentum is showing a decline on the negative momentum...lower sell pressure. The same can be seen on the MACD momentum!
On the price action you can see that SHIB USD is finding support on the weekly close from the 16 May 2022. I will post that chart below!
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Zooming in on the price action when price bounced at support around the 16 May 2021 weekly close. (Price can surely still double bottom at this level)...I just dont want to see a weekly close below that level!