CandleFocus Shiba Inu Falls When The Price Target Of $0.00001429 Is Reached
2024-12-22
Author: Content Editor
The cryptocurrency Shiba Inu (SHIB) has failed to rally after a dip for the second time, struggling to surpass key resistance levels. On December 9, bears broke the support level, resulting in a significant drop in price. The altcoin is currently trading below moving average lines, indicating a downward trend. The analysis suggests that SHIB may fall to the 2.0 level of the Fibonacci extension or $0.00001429. Key resistance levels are $0.00002800, $0.00002900, and $0.00003000, while key support levels are $0.00002200, $0.00002000, and $0.00001900. The current downward trend is likely to continue. This analysis is the author's personal opinion and should not be taken as financial advice. Readers should conduct their own research before making investment decisions.
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