Shiba Inu (SHIB) is under heavy selling pressure after failing to sustain its uptrend, dropping to $0.00001245 following rejection at $0.00001309 resistance. Now, the price is approaching key support at $0.00001231, a crucial level where buyers must step in to prevent further declines. The next move hinges on whether SHIB stabilizes and rebounds or continues its downward slide.
Critical Support Levels
- $0.00001231 – A key support zone. If it fails, SHIB could drop to $0.00001180, increasing downside risk.
- $0.00001100 – The last major support. A break below could accelerate selling and deepen the correction.
If $0.00001100 is lost, SHIB may enter a prolonged downtrend, erasing previous gains and discouraging further buying.
For a reversal, bulls must reclaim key levels. Signals of a potential rebound include:
- Holding $0.00001231 or $0.00001180, preventing further losses.
- Breaking above $0.00001309, signaling renewed bullish momentum.
- Surpassing $0.00001380, confirming a trend shift and attracting buyers.
- A move past $0.00001515 could ignite a sustained rally, setting the stage for a long-term uptrend.
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Key Levels to Watch:
- $0.00001231 and $0.00001180 must hold to avoid deeper losses.
- $0.00001100 is the last major support before a sharp decline.
- $0.00001309 and $0.00001380 are key resistance points for a potential breakout.
- A break above $0.00001515 could trigger strong bullish momentum.
SHIB stands at a pivotal moment. The coming sessions will determine whether bulls regain control or if further losses are ahead.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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