$SHIB

SHIB Price Analysis: Bears dominate, bulls urgently need a breakthrough

Brothers, SHIB has been a bit exciting recently! After the price briefly hovered above the 20-day moving average ($0.000028) on December 16, bears seized the opportunity to sell frantically, pushing the price all the way to the 50-day moving average ($0.000025), and then broke through the 50-day moving average and further dropped to $0.000022.

From a technical point of view, the 20-day moving average has begun to decline, and the RSI has also fallen into a downward channel, which shows that the strength of the bulls is weakening. The 50-day moving average has been completely broken, and SHIB may further drop to the psychological barrier of $0.000020.

But don't rush to be pessimistic! If SHIB rebounds strongly near the support level of $0.000024, then the opportunity has come! This means that there is capital entering the market at a low level, and bulls may take advantage of the situation to counterattack and try to pull the price back above the 50-day moving average or even the 20-day moving average. If it succeeds in standing firm, the probability of rebounding to $0.000030 will increase significantly.

In terms of strategy, brothers can pay attention to the support of $0.000024, patiently wait for key breakthrough signals, and remember not to act impulsively!