SHIB can return to the position of 0.00002!
Since the theft of the Indian exchange, shib has started a downward trend all the way, directly destroying the rebound. In addition, the recent stolen shib exchange has not been recovered, and it has been directly sold in large quantities, and the price has not risen.
At present, the United States prohibits the shouting behavior after the celebrity effect, and Musk has also stated in public that he will not carry out any cryptocurrency propaganda, resulting in the former Dogecoin and shib having no market support.
The sideways pattern of $0.00001330 formed on the daily line, Shiba Inu fell 1.11% in 24 hours. In addition, after the sideways end, there will be a short-term burst in the rise of shib.
But MACD and signal lines are still on the verge of a bullish crossover. At the same time, the 20-day moving average continues to act as a dynamic resistance, leading to a continued reversal.
According to the Fibonacci level, the continued collapse formed five bearish candles to test the 23.60% Fibonacci level, which is $0.00001331. However, the bullish candle ended the winning streak, and Shiba Inu aims to recover through a jump after retesting.
In addition, if the management fee ceiling breaks through $0.0001457, the SHIB dollar may reach the $0.00001560 or $0.00001662 levels in the next few days.
On the downside, support is located at the psychological level of $0.00001200 and the low of $0.00001127.
The short-term shib's breakthrough position is not high, and now it has reached the bottom. The rebound trend needs to wait for the stabilization of the big cake.
If you want to ambush for a long time, it is very suitable to enter the market at this position now, and after the bull market comes, as one of the 100-fold coins, shib is expected to break through further in value, and the current market value has fallen by half!
