Is SHIB Crypto Price Ready To Test Its All Time High?

The weekly technical chart of the Shiba Inu price hints towards a consolidated move in the asset for upcoming weeks. Coming to the daily chart, one can observe a strong bullish move in SHIB for the future. The upside trend of SHIB can see a setback near $0.000042. The asset price on the downtrend may see a bounceback at $0.00003. The price of the coin is currently trading below the major moving averages. If the price drops down below 15 to 20% above the current level then an impending low can be seen in the future. The 50 DMA line is near $0.0000412 which may push the price to a new low in the future. SHIB/BTC pair might also see a strong move in the future.