#cryptotradingpro

Technical Analysis as Bullish Signals Emerge

The daily $SHIB price chart shows multiple bullish signals, suggesting that the downward momentum may be false and may quickly be followed by an upward reversal. The CMF indicator on this chart is rising while the price is dropping, which may show that smart money is accumulating or buying the dip.

The ADX line also paints a similar picture and is leaning towards a bullish reversal occurring soon. This line is dropping alongside the price of Shiba Inu, an indication that the downward momentum is not strong enough, and sellers may soon reach exhaustion.

Considering this technical outlook, it is likely that $SHIB defends support at the $0.0000139 price and rebounds to test the resistance at $0.000016. If this happens, traders should watch out for a bullish leg to $0.000022.