news 
Shiba Inu (SHIB) Records First Major Bullish Signal
In a surprising turn of events, Shiba Inu (SHIB) has just recorded its first major bullish signal in a long time. The cryptocurrency’s recent price action suggests that it may be gearing up for a significant short-term rally.
According to Tomiwabold Olajide, the recent candle structure and trendline breakout indicate a possible short-term move upward for SHIB. While the macro indicators such as the 100 and 200 EMAs continue to slope downward, suggesting longer-term bearish pressure, this development gives bulls some hope.
The signal is not yet fully validated, however. For it to be confirmed, SHIB must maintain levels above $0.0000133 and break above the 50 EMA. If buying pressure continues, a move towards $0.0000145 or beyond might be achievable, potentially signaling a trend reversal for the meme coin.
This unexpected turn of events may have significant implications for investors in the cryptocurrency space. As always, it is essential to approach any investment with caution and carefully consider all market conditions before making decisions.
Source: https://u.today/shiba-inu-shib-records-first-major-bullish-signal
