Shiba Inu Price Analysis
Shiba Inu
tickers down
€0.00002533
turned down from $0.000033 on December 8 and fell below the 20-day EMA ($0.000028) on December 9.
Bulls are trying to push the price above the 20-day EMA, but they are likely to encounter strong resistance from the bears. If the price turns down from the 20-day EMA, the bears will try again to sink the SHIB/USDT pair below the 50-day SMA. If that happens, the pair could drop to $0.000020.
If the bulls want to avoid a drop, they will need to quickly push the price above $0.000028. Then, the pair could rise to $0.000033, which is expected to pose a significant challenge.#SHIB🔥🔥
