$SHIB
Shiba Inu (SHIB) has experienced notable price declines recently. Over the past week, its price dropped by 2.08%. In the last month, it decreased by 28.07%, and over the past six months, it fell by 57.20%. Currently, SHIB is trading within a range of $0.00001178 to $0.00001333.
The coin’s nearest resistance level is at $0.00001416, with a second resistance at $0.00001571. These levels may pose challenges for upward movement. On the support side, the closest level is $0.00001106, followed by a second support at $0.000009516. If the price nears these support levels, it could be a critical point for SHIB’s price stability.
Technical indicators reflect the recent bearish trend. The 10-day simple moving average is at $0.00001179, while the 100-day average is higher at $0.00001281. The Relative Strength Index (RSI) stands at 31.20, suggesting that SHIB is approaching oversold territory. The Stochastic indicator is at 24.01, which also points toward potential overselling. Additionally, the MACD level is negative at -0.0000003045, indicating bearish momentum in the market.
