Shiba Inu (SHIB) recorded its lowest historical price (ATL) a few days ago on the Binance chart. This downward trend began with a break of the descending trendline, and today the price retested that trendline with forceful rejection, causing a price drop.
In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising.
The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising.
The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
Komentarz:
Shiba was able to break the dynamic resistance and now it is under the static resistance. It is expected to retest the dynamic again.
Komentarz:
It is back to the dynamic support line. We must see support here, otherwise we will see a big downward movement.