SHIB Seeks Break Above Key Resistance

SHIB's recovery is gaining momentum as it approaches key resistance levels. The token has seen its community grow to over 1.69 million addresses, nearing the next milestone of 1.7 million.

The Relative Strength Index currently stands at 57.29, placing momentum above the neutral 50 level without reaching 70. This is a positive sign for buyers, but it's essential to note that holder growth alone cannot establish future price direction.

A break above $0.0000060 could strengthen recovery and shift market momentum. However, exchange flows remain mixed, leaving accumulation unconfirmed. The token is trading around $0.000005838, with successive lows forming along an ascending support trendline.