Shiba Inu (SHIB) Price Analysis July Week 3 to 4

• Shiba Inu trades within the ALMA indicator, indicating a potential +30% growth rate.
• If SHIB breaks the resistance level of $0.00000855, a bullish price of $0.00001 is reachable.
• The RSI of SHIB remains within the 70-30 level, allowing day and scalp traders to trade safely.

Shiba Inu (SHIB), the decentralized meme token, is currently trading at $0.00000774, within the Arnaud Legoux Moving Average (ALMA) indicator. This suggests a potential growth rate of over +9.4%, which could lead to a breakthrough in its resistance level of $0.00000855.

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Source: TradingView

If SHIB successfully breaks this resistance level, the path towards a bullish price of $0.00001 will be within reach. This level is just 18.91% away from the price of $0.00000855, indicating a promising future for the meme token.

Furthermore, the Relative Strength Index (RSI) of SHIB remains within the 70-30 level. This means that day and scalp traders can continue to trade without the fear of any major price reversals.

The future of the Shiba Inu network in the crypto space looks promising. With its potential to break the resistance level and reach a bullish price, SHIB’s future trading price could see a positive surge. This impending rally signals a new era in crypto trading, making SHIB a potential game-changer in the crypto world.

Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.

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