**"SHIB Coin at a Crossroads: Can Support Stop the Bleeding?"**
Technical data for the SHIB/USDT pair from Binance shows that the coin is currently on a downward path after failing to break through the strong resistance level at 0.00001524, and it has started to retreat, now recording at 0.00001268 with a decrease of about 2%.
We note that the price has broken the temporary upward trend line and is now trading below the moving averages MA(25) and MA(99), indicating weak upward momentum at the moment. However, the level of 0.00001255 may serve as an important support, especially if positive trading volume increases again.
If this support is broken, we may see the coin drop to levels around 0.00001138. On the other hand, a rebound from this level could open the door for a new attempt to break the downward trend.
Follow the upcoming movement carefully, as SHIB may be on the verge of a decisive move!
If you like to follow entry and exit recommendations, you will find them in my next post for coin $SHIB
