Shiba Inu (SHIB) has been in a sideways trading pattern recently, although it remains down 27% over the past month. While there have been some signs of recovery, indicators like the RSI and BBTrend suggest that SHIB is still struggling for a clear direction.

There is potential for a bullish breakout with a golden cross forming on the EMA lines, indicating that SHIB is targeting resistance levels at $0.000017 and $0.000019. On the flip side, if selling pressure picks up again, SHIB could retest support at $0.000014.

The RSI for Shiba Inu currently sits at 52, indicating a neutral stance after a recent surge. The BBTrend indicator has turned positive, showing a potential shift towards a more bullish trend.

If momentum picks up and pushes RSI above 60, it could signal increased buying pressure and further upward movement for SHIB. Conversely, a decline in RSI below 50 may point to weakening demand and the possibility of a consolidation or pullback.

With the BBTrend indicator now in positive territory, there is a suggestion that bearish momentum is waning and buyers are gaining strength. However, if the indicator struggles to continue upwards, SHIB could face renewed downward pressure.

Looking ahead, a golden cross on the EMA lines could lead to a potential 57% surge in SHIB price, targeting resistance levels at $0.000017 and $0.000019. On the downside, failing to sustain buying pressure could result in a test of support at $0.000014, with further declines possible.