Key Support level: $0.000060
Key Resistance level: $0.000073
SHIB failed to break above the key resistance at $0.000073 and is currently falling again towards the support at $0.000060. The last time the price reached this level, bulls came back in strong force, but can they do it again?
The price action, as well as the indicators, signal that Shiba may have spent a lot of fuel on the last rally, and it seems it will take more time to recover before it can go higher.
Chart by TradingView
Technical Indicators of SHIB Price
Trading Volume: The volume has basically disappeared in the last two days. There is very little interest in SHIB at the moment. The price action also shows the same pattern. Usually, low-volume days can precede a major move. This may take place once SHIB approaches to support.
RSI: The RSI is in free fall, particularly on the daily timeframe. There is no bullish signal at this time. We will have to revisit the chart once SHIB reaches the support level to see if there w
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