CandleFocus The Reason Behind Shiba Inu (SHIB) Price Plummet Today: Analysis
2024-10-02
Author: Content Editor
SHIB is undergoing a pullback after a recent strong performance. However, it remains in green on the weekly chart with a 7% price increase over the past seven days. The key support level is at $0.000014, while the key resistance level is at $0.000020. Despite the drop, if buyers return soon, SHIB has the potential to make a higher low. The main challenge lies in breaking the resistance at $0.000020, which was tested but failed previously. Daily volume indicates that sellers have dominated for the majority of the past seven days, but the selling pressure may be subsiding. A retest of $0.000020 could result in a breakout above it.
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