Ondiage

Time for a walk!

The latest data shows that Shiba Inu (SHIB) is in a downtrend, and there is a high risk that this trend will continue until January 10, 2025. The charts show that SHIB is in a symmetrical triangle formation - this is a pattern that shows that the market is in a bit of a lull, but often ends with a sharp move in one direction. The problem is that the price has recently bounced off the upper boundary of this triangle, which rather indicates selling pressure and a potential decline.

If we look at the RSI, or Relative Strength Index, it is oscillating around the level of 50. This is a neutral level that does not give clear signals yet, but if it falls lower, it may suggest that sellers are taking control.

Important levels to watch are $0.00002950
as support and $0.00003200 as resistance. If the price breaks below these $0.00002000, it could go even lower, towards $0.00001900. On the other hand, a rise above $0.00002400 could change the situation and give some hope for a rebound.

For now, however, Shiba Inu looks quite weakened, especially since the general sentiment on the cryptocurrency market is not favorable for risky assets. I WOULD HOLD OFF INVESTMENT UNTIL THE VALUE DROP DOWN.