The article discusses the current state of Shiba Inu (SHIB) cryptocurrency and suggests that it may have reached a possible bottom for a price reversal. The formation of a double bottom pattern near the $0.00001485 level indicates potential stabilization. However, the article emphasizes the need to consider the overall market conditions. The death cross, which indicates bearish momentum, has recently appeared on SHIB's chart. To validate a bullish reversal, SHIB needs to break above significant resistance levels, starting with the 50-day moving average near $0.00001700. The article also mentions the possibility of a recovery toward $0.00002000 if the support level is maintained, but notes weak upside volume. The future of SHIB's recovery depends on the overall market direction and buyer interest.



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