As of today, November 19, 2024, the price of Shiba Inu (SHIB) is approximately $0.00002496 USD . The coin has experienced a minor decline of 0.02% in the last 24 hours .
For the current support and resistance levels,
• Key Support Levels:
• $0.00002350 (recent consolidation zone)
• $0.00002250 (critical retracement support)
• Key Resistance Levels:
• $0.00002550 (psychological barrier and recent high)
• $0.00002700 (next significant resistance level)
Bullish Scenario:
• Target: If the price breaks above $0.00002550, the next target could be around $0.00002700 or higher, depending on broader market conditions.
• Conditions: A continued increase in volume and strong buying momentum would support this bullish trend.
Bearish Scenario:
• Target: If Shiba Inu falls below $0.00002350, it could drop to $0.00002250 or lower.
• Conditions: Watch for a decline in volume and price momentum, which may suggest further weakness.
This analysis is based on the recent price movements and indicators.
