The low trading volume at the moment adds to the difficulties. The ability of assets to break through key resistance levels is limited by declining volumes, which is also a sign of weakening bearish momentum. As a result, the balance between sellers defending the $0000025 resistance level and buyers entering the $0000022 support level could determine the next major move in SHIB.
If the $0000022 support level is triggered, it could stabilize the asset if the #SHIB price continues to fall. and lay the groundwork for a recovery. Without significant external influences, it is unlikely that SHIB will fall below this level.
further decline is unlikely, and this zone is a potential entry point for investors. On the other hand, a bearish signal could be a break below this level to test $0000020. The key factor determining the short-term price trajectory of SHIB will be whether the support level of $0000022 can be held. If this level is successfully defended, bullish momentum could be revived.
Arman Shirinyan is a trader, crypto-enthusiast and SMM expert with over four years of experience.
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