Shiba Inu's price shows signs of stabilization, having recouped 11% of its value, fostering optimism for further growth.
Current Price Dynamics
In recent days, Shiba Inu has shown positive dynamics, increasing its value by 11%. The asset shows signs of a possible trend reversal, offering hope for further growth.
Support and Resistance Levels
The key support is at the $0.000014 level, which has helped avoid further downtrend worsening. The mini-rally pushed the price above $0.000016. To continue the ascent, it must break the $0.00001790 resistance level. A successful breach could lead to further gains to the $0.00002000 resistance level.
What's Next?
Despite current optimism, full recovery is possible only after surpassing the $0.00002200 level. As long as SHIB maintains support above $0.00001450 and breaks through key resistance levels, the token may achieve further recovery.
Shiba Inu experiences support and shows potential for price recovery. However, without significant institutional investments, substantial growth is unlikely.
