Shiba Inu is strongly bullish but sellers can look for scalping opportunities soon

ShibaInu [SHIB] is strongly bullish but sellers can look for scalping opportunities soon

has registered gains of close to 100%. It approached a resistance level from early November. A breakout and a rejection are both possibilities. The direction of BTC could decide SHIB’s next move as well.

Another order block was seen to the north at $0.000016. The $0.0000173 and $0.0000182 levels are also ones to watch out for. Since SHIB has already reached this area of resistance, a lower timeframe flip in structure could precede a sharp pullback toward $0.000013.The $0.0000143 level was the higher low in the 1-hour timeframe. A move beneath this level flip the lower timeframe structure to bearish.

Conversely, a move to $0.0000173-$0.0000182 levels can offer a selling opportunity after a bearish structure break and retest.The network growth metric has seen some spikes in the past month, notably on January 18 and February 4. Meanwhile, the mean coin age has oscillated since early January.

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