After failing to maintain a critical level of support, the Shiba Inu native token crashes and is in the path to set a new local row.
Main support levels: $ 0.000017
Key resistance level: $ 0.000020
Support for $ 0.000020 turned into solid resistance on Saturday, and today’s pricing behavior confirmed a breakdown with another daily red candle. The next major support can be found for $ 0.000017, and SHIB heading there can find temporary relief once the support level is reached.
Volume: The quantity has decreased because the price has dropped. In general, this is a bullish signal, but given the overall bearish market conditions, it’s better to wait for confirmation of a reversal.
RSI: Daily RSI is quickly reapproaching the oversold territory (less than 30 points). The last time we got there, SHIB prices bounced higher from the region.
MACD: Daily MACD is bearish and, in contrast to volume, selling momentum is gaining momentum. As long as this continues, the SHIB reversal is unlikely.
SHIB bias Bearish..
Short-term forecast of SHIB price
The indicator shows the rough short-term future of the SHIB and the price may be retested at $ 0.000017 before bouncing. It’s best to put up with SHIB finding the local bottom before jumping in.
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Cryptocurrency chart According to TradingView.