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
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