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Shiba Inu finally printed a green candle after a seven -day evil chain, which raised questions about whether the downward trend was eased. With strong pressure for sale, Shayb was struggling, as it decreased less than important support levels and up to the lowest level price Since October 2024, it has been currently traded at $ 0.00001853.
SHIB was in the free fall during the past seven days, as it printed the red candles regularly as sellers took control of the market. At 0.00002078 dollars, a level had previously been supported, the price fell to less than 200 EMA. Due to the additional sale of this breach, Shayb fell towards a scale of $ 0.00001700.
The volume of weak trading and the general lack of momentum was also important to Shaib. The RSI indicated that SHIB was less estimated when he fell into the sales lands. However, buyers were not particularly interested in entering today. The first green candle may be formed in more than a week, a sign that the sellers have become weaker. However, confirmation of the full reflection is premature.
SHIB will have to restore $ 0.00001990, which is in line with the previous support in order to resume its upward trend. The following important resistance levels are $ 0.000078 and 0.00002200 dollars if graying continues to rise. A large upward signal will be provided and the beginning of the larger recovery by restoring these levels.
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However, if SHIB is not able to maintain this bounce, 0.00001700 dollars is the next goal on the negative side, and in the worst cases, prices may decrease to $ 0.00001500. Although it is encouraging, this only green candle does not support after changing the full direction.
To stop another sale wave, the bulls will need to show the consistent purchase pressure. Failure to do this can lead to another decrease, but a step exceeding 0.00001990 may indicate that SHIB is ready to respond.
