The rally in Shiba Inu (SHIB) stalled at the overhead resistance of $0.000030 on November 12, signaling profit booking from the bulls.
SHIB/USDT Daily Chart | Source: TradingView
The bears pulled the price below the $0.000024 support on November 13, but lower levels attracted strong buying from the bulls. Buyers will now attempt to push the SHIB/USDT pair above $0.000030. If successful, the pair could rally to $0.000033 and then to $0.000039.
Conversely, if the price declines from the current level or from the overhead resistance and breaks below $0.000023, it suggests that the pair could fluctuate in a large range between $0.000030 and $0.000013 for a few days.
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