The price of Shiba Inu (SHIB) is facing resistance at the $0.000030 level, despite recently breaking out from descending patterns. To sustain its gains, SHIB needs to push above the 0.618 Fibonacci retracement level at $0.0000255. The closest support level is at $0.0000214, and a drop below that could increase bearish pressure. However, there is a possibility of another upward movement if the token can gather bullish momentum. The RSI index suggests mild bullish sentiment, but the downward shift in RSI indicates cautious optimism. The DMI indicates control by buyers, but the ADX reveals a relatively weak trend. In the last 24 hours, the price of SHIB has fallen by 8.44% and its trading volume has dropped by 46.92%, indicating reduced investor activity. If the bearish trend continues, SHIB could retrace to previous lower highs near $0.000019. On the other hand, breaking above $0.0000255 could spark renewed bullish sentiment and potentially lead to a rally toward the $0.000030 resistance and potentially higher.



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