CandleFocus Shiba Inu Dips 16%, Targets $0.0000161 After Resistance Hold
2024-10-01
Author: Content Editor
The popular meme coin Shiba Inu is experiencing a bearish streak, with its price facing downward pressure. The slowdown in network activity on the Shibarium scaling solution has contributed to the bearish sentiment. Large transaction volumes have also dropped significantly. Technical indicators, such as the RSI and MACD, suggest further downtrend in the short term. The next potential support level is $0.0000161, but if breached, the price could decline further. Alternatively, a shift in sentiment could push the token's value to retest the $0.00002167 resistance level with bullish momentum supported by the DMI indicator.
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