An analyst from TradingView predicts that SHIB (Shiba Inu) ( may soon break out of a months-long stagnation, with potential momentum driving it to breach the upper resistance level of $0.00001760, before retracing to the key support level of $0.00001080. SHIB is currently trading at $0.00001216, down 1.3% on the day. The rebound of SHIB depends on the performance of Bitcoin, as recent market adjustments have briefly suppressed its short-term gains.

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