SHIB Prepares Breakout Rally For 40% HIKE!

Preparation for Double-Bottom Breakout: SHIB price shows signs of gearing up for a double-bottom breakout rally.

Long-Tail Candle at 50-Week EMA: A long-tail candle on the SHIB chart indicates strong buyer interest, bouncing from the 50-week EMA.

Potential Rally to $0.00001438: A successful breakout could propel SHIB to a new rally, potentially reaching $0.00001438.

Bullish Rebound in the Market: SHIB is rebounding along with the broader crypto market, gaining momentum from Bitcoin's positive trend.

5.85% Jump in 48 Hours: SHIB has experienced a 5.85% increase within the last two days, indicating a resurgence in buying interest.

Challenging Overhead Neckline: SHIB is currently challenging the neckline of its double-bottom pattern at $0.00001025.

Trading Above Psychological Mark: SHIB is trading slightly above the crucial psychological level, supported by strong momentum.

Technical Indicator - MACD: The MACD suggests a positive trend, indicating a potential continuation of the uptrend.

Breakout Potential: The market's recovery hints at a possible smooth bullish progression for SHIB, with a key focus on sustaining above $0.000010.

Next Resistance Levels: Post-breakout, the next resistance levels for SHIB are identified at $0.0000125 and $0.000015.

Risk of Decline to $0.000008360: If SHIB fails to maintain its momentum, there's a risk of it dropping to $0.000008360.