SHIBA INU at Critical Support : Will Bulls Hold the Line?
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Shiba Inu (SHIB) has reached a crucial level, with the price currently sitting at a key support point of $0.0000177. The next few moves could be pivotal for determining the coin's short-term direction. Here’s a breakdown of the situation:
Key Levels to Watch :
- Support : $0.0000177
- Bearish Target : $0.00001666
Current Trend :
- If buyers hold the $0.0000177 level, SHIB may rebound and push higher.
- If selling pressure continues, we could see the price drop toward the bearish target of $0.00001666 before any potential recovery.
What to Watch For :
- Volume :
Watch for increased buying pressure. If bulls don't step in soon, the price could break below the support level.
- Short-Term Signals :
Keep a close eye on the 30-minute chart for early signs of a bounce or further breakdown.
Conclusion :
Shiba Inu is at a pivotal moment. If the support at $0.0000177 holds, there’s potential for a rebound. However, if sellers maintain pressure, we could see a further dip to $0.00001666.
Advice :
-Monitor Volume :
Bullish buyers must step up soon for any hope of a rebound.
- Stay Alert :
Keep tracking short-term time frames like the 30-minute chart for clear signs of movement.
Always trade cautiously, and consider the market's broader trends before making decisions.