Technical analysis by KlejdiCuni about Symbol SHIB: Buy recommendation (10/12/2024)

Shiba Inu Positioned for Another RallyShiba Inu recently broke out from a bullish channel, positioning the price for an upward movement. On the 60-minute chart, we also see a small triangle pattern indicating a second accumulation phase, increasing the likelihood of a bullish trend emerging soon. A very strong resistance is expected near the top of the channel pattern. If the price moves above this initial resistance zone, it should further boost the bullish momentum.You may find more details in the chart!Thank you and Good Luck!❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️