Shiba Inu Price Prediction: Will $SHIB Recovery Surpass $0.00001 in November?

Shiba Inu Price Prediction: SHIB Price Failed to Sustain Above $0.0.0000077 May Reinforce Next Correction

Shiba Inu Price Prediction: On October 25, Shiba Inu price decisively broke through the monthly resistance level of 0.000007879. This disruption, accompanied by an increase in trading volume, was initially expected to fuel strong upward momentum for further recoveries. However, broader market sentiment has cast doubt on the sustainability of this disruption. So the question arises: will this recent increase in supply pressure trigger a false breakout?

Is the current recovery sustainable?SHIB price consolidation is forming a narrow range from $0.00000785 to $0.000010758The coin's price would face an intense supply zone at $0.00000873.The intraday trading volume of Shiba Inu coin is $108.5 million, showing a loss of 34%

Over the past three weeks, the Shiba Inu price has experienced significant growth, rising from a low of $0.0000066 to a high of $0.00001825, marking a 24.5% increase. This recovery, supported by increased trading volume, indicates active bullish momentum.

However, SHIB price faces supply pressure around the $0.00000825 mark due to broader market uncertainty. Consequently, the coin's price has been trading mostly sideways for over a week, trying to maintain its position above the recently recovered level of $0.01077.