$SHIB has experienced a decline of -6.318% over the past 24 hours.
The price fluctuated between a high of 0.00001112 and a low of 0.00001023.
With the overall market in a downtrend, this bearish sentiment prevails.
Bollinger Bands indicate potential volatility, with the upper band at 0.000011165 and the lower at 0.000010278.
Support is established at 0.00001023, while resistance is at 0.00001106.
Currently, Bitcoin's influence remains undefined, suggesting limited correlation.
Given the volatility, a short-term trading approach may be more appropriate.
Traders should remain cautious due to macroeconomic uncertainties, as recent inflation data may sway broader market sentiment.
Key takeaway: Monitor support levels closely; a breakout could signal new trading opportunities.
