$SHIB / USDT: Bears in Control ๐ป
๐ Current Price: 0.00002175 (-5.48%)
๐ 24h High: 0.00002321
๐ 24h Low: 0.00002144
๐ฐ 24h Volume: 2.57T SHIB / 57.84M USDT
The $SHIB / USDT pair is facing selling pressure, recording a 5.48% drop in the past 24 hours. The 15-minute chart indicates a clear downtrend as SHIB struggles to maintain support levels.
Key Indicators:
MA7 (0.00002175): Tracking closely with the current price, showing weak short-term momentum.MA25 (0.00002188): Acting as immediate resistance, with sellers dominating the trend.MA99 (0.00002255): Long-term resistance far above, indicating sustained bearish sentiment.
SHIB has tested a low of 0.00002144 and is currently consolidating. Traders should watch for a potential breakout or further decline if bears maintain control. Resistance at 0.00002267 and support at 0.00002144 are critical in the near term.
Will SHIB rebound, or is this the start of a larger correction? Share your thoughts below! ๐๐
