Sheba’s price continues to fluctuate without significant movement so far.
Key support levels: $0.0000070
Key resistance levels: $0.0000075, $0.0000080
1. The price is stuck in a range
SHIB price did not move much above the major support level at $0.0000070. This temporary pause in volatility may continue for some time as BTC decides where to go next. The price is still in a range, and without a clear breakout, this coin may not be back in the spotlight for some time.
2. Fluctuations are absent
While the price has bounced a few percentages from the current major support, it has not ventured far, and resistance remains strong at $0.0000075. Without returning buyers, this is unlikely to change anytime soon.
3. The size is flat
As you can see below, there has been minimal change in volume since September. If this continues, it is unlikely that the Shiba Inu will make some progress soon. It had an opportunity to rally when Bitcoin crossed the $28,000 level, but that did not materialize.
SHIB’s bias is neutral.
Short term prediction of SHIB price
Keep a close eye on the key support level at $0.0000070. As long as this cohesion holds, it will continue. Given the current volume, don’t expect the $0.0000075 resistance to be broken anytime soon.
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Cryptocurrency charts By TradingView.