CandleFocus Analyst Says Shiba Inu Now Retesting the Ichimoku Cloud After Rejection
2024-12-10
Author: Content Editor
Shiba Inu, a meme coin, has experienced a significant correction in the past 24 hours. Analysts suggest that the coin is now retesting the Ichimoku Cloud, a tool that indicates market trends and support/resistance levels. The correction in Shiba Inu's price is attributed to a rejection from a strong resistance level. The coin faced resistance at a price zone of $0.00003343 and has since corrected over 16%. Technical analysis shows mixed indications, with the RSI suggesting a potential rebound but the MACD remaining bearish. Shiba Inu is currently trading at $0.00002695 with a market cap of $15.8 billion.
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