SHIB Faces Potential Downside Amid Low Volume and Bearish Market Conditions
Main Idea
SHIB/USD is experiencing a bearish trend with a 1.3% decline in the last 24 hours, trading near critical support levels amid low trading volume and muted volatility.
Key Points
1. SHIB/USD has declined by 1.3% in the last 24 hours, with bears dominating the market.
2. The price is hovering near critical support at $0.00001195, with resistance near $0.00001227.
3. Low trading volume is limiting price volatility, keeping SHIB in a range-bound movement.
4. If the price fails to hold the $0.00001195 support, further correction toward $0.000010 is possible.
5. The midterm outlook suggests potential bearish momentum if key support levels are breached.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! SHIB/USD has declined
Latest News
- Whale Receives 25,540 ETH from FalconX Amid $10 Million Staking Loss on Ethereum2025-08-03 01:01:26
- Bitcoin Dips Below $112,000 Amid 0.55% 24-Hour Decline, Ethereum Also Sees Drop2025-08-03 00:50:36
- Corporate Bitcoin Purchases May Surpass ETF Inflows in 2025, Indicating Shifts in Treasury Strategies2025-08-03 00:28:49
- Bitcoin Theft of $3.5 Billion Uncovered by Arkham Intelligence Highlights Potential Exchange Security Risks2025-08-03 00:28:18
- BlackRock’s Ethereum ETF Shows Potential Resilience Amid Market Dip and Zero Outflows2025-08-03 00:26:47