$SHIB : First Green Candle in 7 Days, Are Things Changing?
SHIB would have to recover $0.00001990, which is in line with earlier support in order to resume its bullish trend.
The next significant resistance levels are $0.00002078 and $0.00002200 if SHIB keeps rising.
A significant bullish signal and the beginning of a larger recovery would be provided by regaining these levels.
However, if SHIB is unable to sustain this rebound, $0.00001700 is the next target on the downside, and in the worst case, prices could drop as low as $0.00001500.
Although it is encouraging, this lone green candle does not yet support a complete trend change.
To stop another selling wave, bulls will need to demonstrate consistent buying pressure.
Failure to do so could result in another decline, but a move above $0.00001990 would suggest that SHIB is prepared to fight back.