SHIB has suffered a crushing decline over the last three weeks after it peaked at $0.0000885. The meme coin remains unable to break above my three-week-long descending trendline as it recorded its lowest point since October 25. That said, the eleventh-largest cryptocurrency currently approaches this trendline again and needs to post a decisive close above this line to break the jinx. Failure to close above this level preserves the bearish momentum and could set SHIB into consolidation between $0.0000470 and $0.0000420.
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000450, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.57 trillion
Shiba Inu Market Capitalization: $25.6 billion
Shiba Inu Dominance: 0.99%
Market Rank: #11
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000450, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.57 trillion
Shiba Inu Market Capitalization: $25.6 billion
Shiba Inu Dominance: 0.99%
Market Rank: #11
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.