The price of SHIB is fluctuating between key support and resistance levels:
The price of Shiba Inu is currently trading in a narrow range, facing resistance at $0.0000152 and support at $0.0000139. The moving average lines (EMA), which previously showed a strong bullish bias, have now flattened, indicating a weakening bullish momentum.
It appears that the price is in a consolidation phase (accumulation) while traders await a decisive breakout in either direction.
- If the price of SHIB breaks below the support level of $0.0000139, it could drop to **$0.0000127 or even $0.0000123.
- If buyers return and the coin regains its bullish momentum, breaking the resistance level at $0.0000152 could push the price towards the next resistance at $0.0000176.