#Shibainuholder #SHIBAUSDT #ShibaFundamentalAnlysis

Shiba Inu is showing signs that a potential price reversal could be underway. SHIB is currently consolidating after bouncing off important support levels following a protracted downtrend over the previous few months. The asset is facing many obstacles, but a recovery is not completely out of the question. SHIB's ability to rise higher will depend on a few key price points.

Potential reversal situation: SHIB's ability to keep its support above the 100-day EMA, which is presently at $0.00001664, is the first essential component of a reversal. SHIB will have created a strong foundation from which to launch a comeback if it can hold this level.