$SHIB /USDT: Testing Support Amid 9% Drop

Current Price: $0.00002158 (-9.02%)

Shiba Inu ($SHIB ) has seen a significant pullback, hovering above the daily low of $0.00002121 after struggling to sustain gains near $0.00002393, its 24-hour high.

Key Levels to Watch:

Immediate Support: $0.00002121 (Daily low)

Resistance: $0.00002174 (Recent swing high)

24-Hour Range: $0.00002121 - $0.00002393

Market Insights:

The 9% drop highlights a sharp sell-off, with a notable trading volume of $124.80M suggesting increased market activity.

SHIB is attempting to find stability near the $0.00002150 level, a critical point for potential recovery.

Trading Ideas:

1. Bullish Scenario: A recovery above $0.00002174 could open the path to retest $0.00002200 and beyond.

2. Bearish Scenario: A break below $0.00002121 could signal further declines toward $0.00002100.

Observation:

Shiba Inu’s current downtrend reflects broader market sentiment. Stay cautious as high volatility persists, and monitor key support levels for potential entry points.

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