Shiba Inu (SHIB) Rally Ends: Goodbye to $0.000015?
Main Idea
The Shiba Inu (SHIB) rally has ended, with the price pulling back nearly 3%, and key support levels are being tested to determine future price movements.
Key Points
1. The SHIB price is hovering below the 200 EMA, which serves as immediate support; if it fails, the next support levels are $0.0000136 and $0.0000125.
2. Trading volume has tapered off, and the RSI near 70 indicates SHIB is approaching overbought territory, suggesting waning buying enthusiasm.
3. If bulls fail to defend the 200 EMA, further declines may occur, potentially pushing SHIB below $0.000015 temporarily.
Description
Shiba Inu close to seeing end of rally if first out of three resistances are over
$SHIB
$0.000013930
-8.24%
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