SHIB Faces Potential Short-Term Decline Amid Bearish Pressure, Sideways Trading Possible
2025-07-19 12:45:05
Main Idea
SHIB/USD shows signs of bearish momentum with a 0.43% dip, highlighting critical resistance near $0.00001534 and possible consolidation ahead.
Key Points
1. SHIB/USD experienced a 0.43% decline over the past 24 hours, indicating renewed bearish pressure.
2. Key resistance levels are identified at $0.00001534 and $0.00001445, suggesting potential consolidation.
3. The daily timeframe shows a consolidation phase, with a possible sideways trading range between $0.000014 and $0.000015.
4. The weekly candle closure will be critical in determining SHIB’s next directional move, with a close above $0.000014 potentially indicating bullish momentum.
5. The broader crypto market context may influence SHIB’s price dynamics as investor risk appetite fluctuates.
Description
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