buying opportunity if the memecoin retraced to May range-highs. The projection was validated, and SHIB fronted another rally to a critical double roadblock zone above $0.00001.As of press time, SHIB’s rally cooled off after hitting another roadblock aligned with the April high of $0.00001188. Can SHIB clear this roadblock, too, and mount above Q2 highs?A look at the daily and weekly charts revealed a crucial blockage that prevented further upside at press time.
SHIB has seen several price mitigations at its bearish OBs, as illustrated by the invalidated blocks marked in cyan. But respective pullbacks have eased at the invalidated bearish OBs or price imbalances/fair value gaps , marked by white.
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