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Vladislav Hryniv
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šŸ”„ According to U.Today: Is $SHIB Finished? The Shiba Inu token is relevant again. Investors are keenly watching to see if the current price correction has run its course and whether SHIB is poised for a rebound. However, the lack of immediate support levels nearby raises questions about the potential for a random reversal. As of now, SHIBā€™s price is not resting on any recognized support level, casting uncertainty on the immediate future of the token. The next notable support is at the $0.000020 mark. This absence of nearby support could imply that the price. One positive aspect is the current low volume, which means that it could take less trading activity to move the price significantly. Nonetheless, the flip side is that low volume can also point to a lack of interest, which can be a negative indicator for price growth. Moreover, there might be passive selling pressure that is not yet evident in the exchange volumes. If holders are gradually losing faith and waiting to sell, this pressure could materialize and affect SHIB's price when it hits the markets. If SHIB manages to find buyers and initiate a rally, the first resistance level to watch would be around $0.00002271. Should it break through, the next point of resistance might be at $0.00002590.Ā 

šŸ”„ According to U.Today: Is $SHIB Finished?

The Shiba Inu token is relevant again. Investors are keenly watching to see if the current price correction has run its course and whether SHIB is poised for a rebound. However, the lack of immediate support levels nearby raises questions about the potential for a random reversal.

As of now, SHIBā€™s price is not resting on any recognized support level, casting uncertainty on the immediate future of the token. The next notable support is at the $0.000020 mark. This absence of nearby support could imply that the price.

One positive aspect is the current low volume, which means that it could take less trading activity to move the price significantly. Nonetheless, the flip side is that low volume can also point to a lack of interest, which can be a negative indicator for price growth. Moreover, there might be passive selling pressure that is not yet evident in the exchange volumes.

If holders are gradually losing faith and waiting to sell, this pressure could materialize and affect SHIB's price when it hits the markets. If SHIB manages to find buyers and initiate a rally, the first resistance level to watch would be around $0.00002271. Should it break through, the next point of resistance might be at $0.00002590.Ā 

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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