Shiba Inu (SHIB) Price Analysis
Shiba Inu price seems largely unaffected regardless of the current market volatility as the rally continues within a descending parallel channel. SHIB price has stagnated within a certain price range within the channel, struggling to prevent an excessive bearish trend. Now that the selling pressure has eased, will Shiba Inu price trigger a rally and reach $0.00002?
The current trading setup suggests that the price could fall further in the coming days as the DMI is about to trigger a bearish crossover. Moreover, the Bollinger Bands have contracted again after some relaxation. Therefore, SHIB price is believed to remain sideways until the trading volume regains some momentum. Until then, there may not be major price action, but rather minor fluctuations below $0.000018.
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