Shiba Inu Price Analysis: Is $SHIB Facing More Bearish Pressure? 🐾📉
Shiba Inu (SHIB) has corrected ~10% in the last 24 hours with a trading volume of $814.28 million. Although it saw a 2.86% rise in the last seven days, the coin has only varied less than 1% this year.
Key Technical Indicators:
The MACD shows a steady decline in the green histogram, while the SMA also suggests a bearish outlook. If a trend reversal happens, SHIB could push toward its upper resistance level of $0.00003080. However, continued bearish momentum could drive the price down to $0.0000170.
Wondering about SHIB’s long-term potential?
