Shiba’s price is continuing to range without a significant move to date.
Key Support levels: $0.0000070
Key Resistance levels: $0.0000075, $0.0000080
1. Price is Stuck in a Range
SHIB’s price has not moved much above the key support at $0.0000070. This pause in volatility may continue for some time as BTC decides where to go next. The price is still in a range, and without a clear breakout, the spotlight may not return on this meme coin for some time.
Chart by TradingView.
2. Volatility is Absent
While the price bounced a few percentages from the current key support, it did not venture far, and the resistance is still holding strong at $0.0000075. Without buyers returning, this is unlikely to change any time soon.
Chart by TradingView.
3. Volume is Flat
As you can see below, there has been a minimum change in volume since September. If that continues to be the case, it’s unlikely that Shiba Inu will make some progress soon. It had an opportunity to move higher when Bitcoin br
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