$SHIB SHIB consolidated between 2900 and 2000 for over two months, showing weaker results compared to other meme coins such as PEPE, WIF and BONK.
- The movement of SHIB is expected to mirror the movement of Bitcoin, with the direction of Bitcoin influencing the direction of SHIB.
- Due to the relative weakness of SHIB and the current market situation, a bearish trend for SHIB is likely.
- The massive level of support between 2000 and 2100 is expected to continue.
- There is a possibility of a bullish scenario if Bitcoin turns bullish, but there are currently no strong bullish signs for either SHIB or Bitcoin.
- It is recommended to monitor the markets and the movement of Bitcoin as this will significantly affect the price behavior of SHIB.
