The Shiba Inu (SHIB) price is temporarily blocked, with a key support level at $0.0000025
According to CryptoPotato, Shiba Inu (SHIB) was blocked near the key resistance level of $0.000037 during the recent uptrend. Currently, bullish buyers have failed to break through this resistance level, leading to a sideways trend in price. Although the bullish momentum has temporarily slowed down, it also provides an opportunity for sellers to return. If buyers cannot quickly surpass the current resistance level, bears may bring SHIB down to the critical support level of $0.000025. In addition, the daily MACD histogram shows a low-high point pattern, which is an early bearish signal. If there is also a bearish crossover in moving averages, SHIB's price may test the current support level before buyers return.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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