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
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