Shiba Inu's price is set for a run higher towards $0.0000093 as the first point of resistance level in the rally. After that, the $0.00001 level is in sight.

Shiba Inu price is set to jump higher

Shiba Inu's price is ready to jump higher. Pure technical, SHIB has the ascending trendline pattern that has pushed SHIB higher. SHIB price surpassed the double top at $0.0000085 to the upside. That level is now turning into a support level and will keep prices elevated above this price range of $0.0000085.

To the upside, the first potential cap lies at a price of $0.0000093 with the double top from June 16th and 17th. Expect SHIB to pause or hover around that area for a few hours before moving higher and SHIB price to make the jump to $0.00001.

On the technical front, Floki is set for a play higher. However, the overall sentiment is helping as well. Yesterday we had Nasdaq breaking all-time highs, as Bitcoin BTC continues on a consecutive winning streak. This winning streak could attract back investors and speculators to the cryptocurrency space and makes Shiba Inu an exciting token to take part in. 

The double triangle pattern formation to the upside in Shiba Inu is ready to jump higher to the price of $0.0000093 and next $0.00001. Not only in technical analysis but also the sentiment in the markets right now has lifted SHIB price to the upside. Get ready for the launch.

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