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The current market trend of SHIB shows a significant long bearish candle, and there has yet to be a rebound signal in the short term. From a technical perspective, the MACD has formed a dead cross, indicating that downward momentum dominates, and the market trading volume has significantly shrunk, further increasing the difficulty of a short-term rebound. Meanwhile, the upper band of the Bollinger Bands remains unbroken, which means that the current technical resistance level is still strong.
From the overall market sentiment, investor sentiment tends to be cautious, and there may continue to be fluctuations and adjustments in the short term, with further downside risks. The performance of the key support level will become a barometer for subsequent trends.
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