Shiba Inu (SHIB) Price Prediction for May 28: Can Bulls Retake $0.00001573 as Price Squeezes?

The Shiba Inu price action has been relatively flat over the past 48 hours, stuck between the $0.00001408 support and $0.00001492 resistance zone. This consolidation follows a recent pullback from the $0.00001573 peak and appears to be forming a symmetrical triangle on the 4-hour chart. Technicals reveal that SHIB is attempting to hold above the midline of the Bollinger Bands, while short-term EMAs (20 and 50) are coiling tightly just below price. These converging signals suggest a volatility squeeze, which often precedes a sharp directional move. Shiba Inu price forecast (Source: TradingView) The daily Fibonacci retracement from the May rally shows that SHIB is stabilizing above the 50% level ($0.00001396), which aligns with the horizontal demand zone established around $0.00001408. Why Shiba Inu Price Going Up Today? Momentum Builds Amid Tight Range Shiba Inu price forecast (Source: TradingView) The question is: Why Shiba Inu price going up today? The answer lies in gradually improving momentum indicators and recurring support defense. On the 30-minute chart, RSI is trending upward and currently sits at 56.46, while MACD shows a mild bullish crossover abo… The post Shiba Inu (SHIB) Price Prediction for May 28: Can Bulls Retake $0.00001573 as Price Squeezes? appeared first on Coin Edition .

Source: Coin Edition