Shiba Inu (SHIB) is experiencing a challenging period after failing to hold its upward trend. Prices are nearing key support levels, creating market uncertainty.
Current State of Shiba Inu
After hitting resistance at $0.00001309, Shiba Inu (SHIB) dropped to $0.00001245 due to increased selling pressure. The key support level is now at $0.00001231.
Critical Support and Resistance Levels
If the $0.00001231 support fails, a drop to $0.00001180 is possible. Should the decline continue, the significant support level to watch is $0.00001100. A bullish reversal requires overcoming resistances at $0.00001309 and $0.00001380. Breaking above $0.00001515 could trigger a sustained rally.
What to Expect in the Near Future?
Upcoming trading sessions may play a vital role in determining SHIB's next direction. Holding $0.00001231 or $0.00001180 are signs of potential recovery. Key resistance levels are $0.00001309 and $0.00001380. Exceeding $0.00001515 could pave the way for long-term growth.
Shiba Inu's price stands at a pivotal decision point. Future trends depend on the ability to hold key support levels and overcome crucial resistance points.
