So long, fifth zero - what's up, fifth zero!

With the token’s value hitting the ceiling at $0.000012 less than 24 hours ago, Shiba Inu was back boasting only 4 zeros for its decimals, indicating it may be well on its way towards breaking out from the descending triangle pattern it’s been stuck in for the past few days.

Huzzah!

It’s definitely a welcome change after what may have been the worst couple weeks in the history of Shiba Inu, after the recent slump on June 12 threw an extra zero into Shib’s price. However, it may still be a bit early to come prancing outside, hugging strangers and calling your boss to say you’re quitting the job. Despite the recent gains, that resistance up at $0.00001076 remains a concrete wall. Smashing through it on the way to a higher value per token may prove a sweat-breaking job.

However, if SHIB does manage to rip that barrier down, the token may have a chance at going so far up as $0.00001250 - the next serious resistance.

This is why we warned you not to quit your job yet - if Shib fails to continue the uptrend, the closest support at $0.00000797 could theoretically catch the token’s value from sliding down further into the abyss. However, if the downtrend continues, the next support to be tested will be at $0.0000070 level.

The price at the time of typing this piece out remains indesicive - now breaking above $0.000010, now slipping back down into the 5 zeros area.

Now cheer up, fren. It ain’t so bad.