According to CryptoPotato, Shiba Inu has entered a pullback phase. The key support level is $0.000025, and the key resistance level is $0.000037. Sellers tried to push the SHIB price to the resistance level of $0.000037 but were resisted. Currently, the bears seem determined to pull the price to the key support level of $0.000025.
This pullback is normal, especially after the SHIB price experienced a sharp four-fold increase. The key is to see whether the support level can attract buyers to re-enter the market in a big way. If the support level can be maintained, buyers may bring SHIB back to the uptrend. Currently, SHIB's daily MACD is still bearish.
