Shiba Inu (SHIB) price hovers above 20 EMA and 50 EMA with the bulls taking control of the pace. Shiba Inu showing an intense bullish trend SHIB trailing above 20 EMA and 50 EMA SHIB retests at the $0.0126 mark; hints at high volatility SHIB has seen a robust buying activity for the past month with the popular dog meme coin seen to be leveling off in the $0.01239 to $0.0126 range. Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic SHIB Soars by 2.38% According to CoinMarketCap, Shiba Inu is soaring by 2.38% and trading at $0.00001259. At this point, if buying activity gets stronger to retest $0.0126, a bullish breach may be expected following a slow phase. Buyers are facing hurdles in the supply zone that attempt to prevent the dog meme coin’s recovery. On the other hand, the bulls are not letting their guard down and amplifying pressure that came in patterns of higher lows as seen in the past couple of weeks. The 20 EMA and 50 EMA are poised as support following the bull run. With the SHIB price hovering into the EMAs for quite some time, the coin is looking to breach the squeeze point and shift into high volatile waters in the next coming days. More so, as seen on its four-hour chart, Shiba Inu revealed an ascending triangle pattern giving away a bullish streak. However, the trading volumes were greatly reduced and are hitting a downtrend. Related Reading: Sandbox (SAND) Price Up 76% Since ...
