$SHIB Faces Resistance, Will It Break Down? 🐻
Given the current downtrend and the fact that $SHIB is trading below its SMA25, I believe it may continue to slide towards the support level at 0.00000405, unless it shows a strong rejection off the current levels and manages to break above the SMA25.
Technical check:
✅ Close price above SMA7 but below SMA25, ✅ Bearish last candle, ✅ Flat/falling volume…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
Given the current downtrend and the fact that $SHIB is trading below its SMA25, I believe it may continue to slide towards the support level at 0.00000405, unless it shows a strong rejection off the current levels and manages to break above the SMA25.
Technical check:
✅ Close price above SMA7 but below SMA25, ✅ Bearish last candle, ✅ Flat/falling volume…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis