📊 $SHIB is trying to build a bottom around $0.0000040–$0.0000041.
The 4H chart is still bearish, and the current move looks more like a relief bounce than a confirmed reversal.
Key resistance: $0.0000045–$0.0000048.
SHIB still benefits from deep liquidity, a strong community, Shibarium growth, and ongoing burns.
But with around 589T tokens still circulating, supply remains the biggest challenge.
A blue-chip memecoin, but not bullish yet.
Not financial advice.
#Shibalnu
The 4H chart is still bearish, and the current move looks more like a relief bounce than a confirmed reversal.
Key resistance: $0.0000045–$0.0000048.
SHIB still benefits from deep liquidity, a strong community, Shibarium growth, and ongoing burns.
But with around 589T tokens still circulating, supply remains the biggest challenge.
A blue-chip memecoin, but not bullish yet.
Not financial advice.
#Shibalnu