SHIB Faces Potential Short-Term Decline Amid Bearish Pressure, Sideways Trading Possible

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.