ims key support level

Presently, Shiba Inu is the top traded crypto after Bitcoin & Ethereum, excluding the stablecoins with a volume of over $12 billion. The SHIB price is currently testing one of the key resistance levels and if clears the levels, it may slash off a zero from its value and soar beyond $0.0001.The SHIB price pierced through the descending parallel channel and secured a couple of immediate resistance levels, signalling the start of a bull run. The price hit the 0.5 FIB at $0.000046 and quickly faced bearish action. The weekly RSI has reached the upper limit for the first time since it marked the ATH. It may raise some concerns about an interim pullback but the supertrend is bullish, which suggests the token may maintain a bullish trend for a longer time and reach the target at $0.0001 at 1 FIB level.With the exceptional move of the Shiba Inu price, the Shiba ecosystem is also on fire. LEASE & BONE prices have also soared by over 100% & 40%, respectively. Therefore, it can be said that the memecoin mania ignited by the PEPE price earlier has been fueled by the SHIB price rally. Further, with the revival of bullish breakouts by Dogecoin (DOGE), Bonk (BONK), and other tokens, a strong altseason may be ignited.

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