$SHIB

The bulls failed to push Shiba Inu back above the 20-day EMA ($0.000027) on December 16, attracting selling from the bears.

This pulled the price towards the 50-day SMA ($0.000025), which is an important support to watch. The 20-day EMA has started to turn down, and the RSI has dipped into the negative territory, indicating that the bulls are losing control. If the 50-day SMA breaks, the SHIB/USDT pair could drop to $0.000022 and then to $0.000020.

Conversely, if the price rebounds off the 50-day SMA with strength, it will signal demand at lower levels. The bulls will then try to push the price above the 20-day EMA, opening the doors for a recovery towards $0.000030.