$SHIB Struggling to Find Support 🐻
Given the current downtrend and the fact that $SHIB is trading below its SMA7 and SMA25, I believe the coin may continue its downward trajectory, targeting the support level of 0.00000405.
Technical check:
📉 $SHIB is trading below its SMA7 and SMA25, 📊 the 10-bar trend is bearish, 🚨 the last candle is bearish
⚠️ If $SHIB breaks above the resistance level of 0.00000558, it could invalidate the bearish structure and lead to a potential reversal…
#MarketAnalysis
Given the current downtrend and the fact that $SHIB is trading below its SMA7 and SMA25, I believe the coin may continue its downward trajectory, targeting the support level of 0.00000405.
Technical check:
📉 $SHIB is trading below its SMA7 and SMA25, 📊 the 10-bar trend is bearish, 🚨 the last candle is bearish
⚠️ If $SHIB breaks above the resistance level of 0.00000558, it could invalidate the bearish structure and lead to a potential reversal…
#MarketAnalysis