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SHIB/USD daily chart analysis

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For a bullish bias to remain intact, SHIB/USD should stay above the ascending trendline, ideally with support from the 50-day SMA and increasing Stochastic RSI.

For breakout confirmation, look for a close above the 200-day SMA, a breach of recent swing highs, and strong trading volume, all of which would reinforce the probability of an extended upward move.

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