SHIB price is currently below the 20, 50, 100, and 200-day EMAs. The structure of these EMAs reinforces the bearish view and limits the potential for sustained price gains.
The 200-day EMA at $0.0000114 is still very far above the current price, showing how much movement is needed to change the overall trend direction.
The lower limit of the channel is currently in the range of $0.0000078 to $0.0000076. This area becomes the next important support if selling pressure increases again. If the price breaks this area downwards, then the next target is the psychological level of $0.0000070, where buyers will likely try to hold.
SHIB
0.0₅785
+0.38%
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