Key Support level: $0.000047
Key Resistance level: $0.000054
SHIB’s bullish momentum has vanished and now the coin seems to be back to reality – a point that we discussed in the last analysis.
After SHIB broke below the descending triangle in blue, the selloff started and has not faded one bit since. It’s another day of major losses for SHIB holders as the coin drops a further 20%. The exit sign was given when the bottom of the triangle became resistance after being support in the past. As such, the new resistance at the time of this post is at $0.000054 and support at $0.000047.
Chart by TradingView
Technical Indicators of SHIB Price
Trading Volume: Strong selloff on the breakdown below the triangle and volume remained formidable as the price dropped. This is bearish and unlikely to stop until SHIB finds new support.
RSI: The RSI is in free fall and approaches the oversold area on the 4-hour timeframe. SHIB might fall more before a reversal signal can appear.
MACD: Unfortunatel
We współpracy z: https://cryptopotato.com/shiba-inu-price-analysis-shib-bloodbath-with-another-20-daily-whens-the-next-support/
