Shiba Coin
Bulls are struggling to lift Shiba Inu above the 20-day EMA ($0.000028), a key area we’ve discussed throughout the week. Shiba Coin’s price was below this level.
RSI and moving averages indicate a balance. The real breakdown in bearish predictions will come with closures below the 50-day SMA ($0.000024). In this scenario, the price could retreat to the $0.000017 support base.
The optimistic scenario suggests that if the 20-day EMA turns into support, we could see resistance at $0.000033 and $0.000039.
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