According to cryptocurrency analysts from Coinidol.com, the price of Shiba Inu (SHIB) has been holding steady above the support level of $0.00001950 despite falling below moving average lines. The altcoin has been trading within a range, above the support level but below resistance at $0.00002400. It is predicted that SHIB could potentially decline further, but for now, the bulls are defending the current support. If the support level is breached, SHIB could fall to a low of $0.00001429. The presence of doji candlesticks has slowed down the sell-off. Key resistance levels for SHIB/USD are at $0.00002800, $0.00002900, and $0.00003000, while key support levels are at $0.00002200, $0.00002000, and $0.00001900. The 21-day moving average line is hindering the upward movement on the 4-hour chart, and a break above this resistance would indicate a price rise, while a rejection could lead to a decline in the cryptocurrency. This analysis is a personal opinion and not a recommendation to buy or sell. Investors are advised to do their own research before making any investment decisions.



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