Shiba Inu (SHIB) Price Prediction for May 27: Can SHIB Break Above $0.00001500 Resistance as Momentum Builds?

The Shiba Inu price today is trading around $0.00001469, showing modest bullish momentum as the token attempts to reclaim the mid-range of its recent consolidation structure. After finding strong support near the $0.00001408 zone, the price is now approaching a key resistance cluster around $0.00001483 to $0.00001500, where multiple indicators are beginning to flash mixed signals. Shiba Inu price forecast (Source: TradingView) So, why is the Shiba Inu price going up today? The short-term bullish recovery can be attributed to both a MACD bullish crossover and buyers defending the 50% Fibonacci retracement level after last week’s decline. However, with RSI and Stochastic RSI nearing overheated zones, the rally may soon face consolidation pressures unless key resistances break. What’s Happening With Shiba Inu’s Price? Shiba Inu price forecast (Source: TradingView) The Shiba Inu price action across 4-hour and 30-minute charts reflects a recovering bullish structure, aided by rising volume and a rebound off local support. On the daily timeframe, SHIB remains locked within a symmetrical triangle, with trendlines tightening between $0.00001764 and $0.00001211. … The post Shiba Inu (SHIB) Price Prediction for May 27: Can SHIB Break Above $0.00001500 Resistance as Momentum Builds? appeared first on Coin Edition .

Source: Coin Edition