news 
Title: Shiba Inu (SHIB) Price Bounced Off: Bull Run Incoming?
Shiba Inu’s price has recently bounced off a downward trend, sparking optimism among investors. However, the recent bounce is not yet strong enough to confirm a robust reversal in the current bearish market trend.
According to Tomiwabold Olajide, there has been a minor increase in buying interest, but it remains below previous breakouts. To validate this bounce as more than just a short-term respite, Shiba Inu’s price must follow up with increased volume in the upcoming sessions.
Despite the current bearish macro trend, the asset’s recent configuration suggests that a local reversal is possible. If SHIB can manage to break through the 26 EMA resistance, it could signal the start of a new bullish phase and potentially even a longer-lasting rally if overall market conditions remain unchanged or improve.
SHIB bulls should keep an eye on the asset’s response around this key level, as the market may be waiting for a breakout above it.
Source: https://u.today/shiba-inu-shib-price-bounced-off-bull-run-incoming
