Key Support level: $0.000042; $0.000039;
Key Resistance level: : $0.000044; $0.000050;
Despite the previous attempt from the bulls to keep the price of SHIB inside the descending triangle, they have lost momentum, and now the price is sitting on the next support level found at $0.000042.
After SHIB broke below $0.000044, this level turned into the current resistance. Unfortunately for the bulls, SHIB’s situation, at the time of this writing, doesn’t seem very promising from a technical perspective.
Chart by TradingView
Technical Indicators
Trading Volume: The volume remains low, but the price continues to fall. There seems to be no buying pressure for SHIB at this time.
RSI: The RSI continues to fall and does not give any signals of a possible reversal at this time.
MACD: The MACD is bearish both on the daily and 4-hour timeframes. Until this changes, there is very little hope for SHIB to reverse course.
Bias
The bias on SHIB is bearish. With the break below the key support a
We współpracy z: https://cryptopotato.com/shiba-inu-price-analysis-shib-drops-below-a-critical-point-as-bears-take-control/
