Shiba Inu faces a bearish trend as it struggles to maintain critical support levels.
High trading volume signals interest, but sell-offs dominate Shiba Inu’s price action.
November forecast predicts SHIB trading between $0.0000263 and $0.0000553 amidst volatility.
Shiba Inu (SHIB) has experienced a notable price decline over the past 24 hours, losing 3.92% of its value. This drop reflects mounting selling pressure, putting the token in a bearish short-term phase. Increased trading activity and market dynamics suggest significant shifts in investor sentiment.
With SHIB forming lower highs and lower lows, traders are monitoring critical support and resistance levels to anticipate the next price move. Additionally, technical indicators offer insights into possible short-term consolidations and trends.
Recent Price Movement and Volume Insights
SHIB opened trading near $0.00002667 before entering a steady downtrend. This consistent decline aligns with a 3.91% drop in market capitalization, which now sits at $1.78 billion. Furthermore, the 24-hour trading volume rose significantly, reaching $1.78 billion, which shows strong market activity.
The post Shiba Inu Price Alert: Will SHIB Rebound or Crash Further? appeared first on Coin Edition.
