Shiba Inu Faces Resistance as Bullish Momentum Struggles Amid Declining Volume
Main Idea
Shiba Inu (SHIB) faces resistance at $0.00001420, with weakening bullish momentum and declining trading volume, raising concerns about the $0.00001000 support level.
Key Points
1. Shiba Inu’s price rejection at $0.00001420 indicates weakening bullish potential.
2. The $0.00001000 support level may be at risk if selling pressure increases.
3. Declining trading volume suggests waning buying conviction and cautious market outlook.
4. SHIB might enter a price squeeze near $0.00001280, a critical psychological level.
5. Resistance at $0.00001420 highlights the struggle for bullish momentum.
Description
Shiba Inu is currently facing resistance at a descending trendline, which raises concerns about its bullish momentum and the potential for a price squeeze. Shiba Inu’s price rejection at $0.00001420
Latest News
- Bitcoin and Ethereum Surge Amid Regulatory Shifts and Institutional Interest, Suggesting a Potential Market Transformation2025-08-11 12:29:43
- SHIB Burn Rate Increases 158% Amid 4% Price Decline: What This Could Mean for Investors2025-08-11 12:09:07
- TRUTH SOCIAL FILES AMENDED S-1 FOR BITCOIN ETF2025-08-11 12:04:11
- Crypto Market Sentiment Shifts to Greed as BTC and ETH Show Gains Amid Increased Risk Appetite2025-08-11 12:00:57
- MICROSTRATEGY PURCHASED 155 BITCOINS BETWEEN AUGUST 4 – AUGUST 10 AT AN AVERAGE PRICE OF $116,401 (TOTAL: $18.0 MILLION)2025-08-11 12:00:41