Shiba Inu Price Analysis — May 18
Shiba Inu has held the $0.0000120 support for some days now, as the meme token falls into a sideways pattern. This sideways momentum comes amid proclamations of a “crypto winter,” indicating that the bias would persist in the near term and likely worsen.
The broader market continues to fight to gain some bullish traction, but bears remain resolute in pressuring prices lower. That said, some volatility and volume could enter the market today as Terra takes a critical vote on its plan to rescue the ecosystem.
Meanwhile, my resistance levels are $0.0000150, $0.0000170, and $0.0000180, and my support levels are $0.0000120, $0.0000100, and $0.0000900.
Total Market Capitalization: $1.28 trillion
Shiba Inu Market Capitalization: $6.75 billion
Shiba Inu Dominance: 0.52%
Market Rank: #15
The broader market continues to fight to gain some bullish traction, but bears remain resolute in pressuring prices lower. That said, some volatility and volume could enter the market today as Terra takes a critical vote on its plan to rescue the ecosystem.
Meanwhile, my resistance levels are $0.0000150, $0.0000170, and $0.0000180, and my support levels are $0.0000120, $0.0000100, and $0.0000900.
Total Market Capitalization: $1.28 trillion
Shiba Inu Market Capitalization: $6.75 billion
Shiba Inu Dominance: 0.52%
Market Rank: #15
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