The price of Shiba Inu (SHIB) has been trading sideways after a drop on August 5th. The altcoin has been trading between $0.00001230 and $0.00001600, with neither the bulls nor the bears breaking the range. The formation of doji candlesticks has kept the price movement steady. The market is expected to continue falling, with a potential drop to $0.00001079 if the altcoin falls below the support level of $0.00001230. Currently, SHIB is worth $0.00001400. The altcoin is facing resistance from the moving average lines, causing it to trade in a narrow range. Key resistance levels are at $0.00001200, $0.00001300, and $0.00001400, while key support levels are at $0.00000600, $0.00000550, and $0.00000450. Buyers are trying to keep the price above the moving average lines, but a break below the current support may indicate a decline, while a break above the resistance at $0.00001600 may signal an uptrend. This analysis is the personal opinion of the author and should not be considered as financial advice.



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