👉Sideline Investors Eye SHIB Accumulation Between $0.000019 and $0.000021

Tuesday's Shiba Inu price is at $0.000021 after retesting and rebounding off crucial support the day before.

A daily candlestick closing below $0.000019 would disprove bullishness.

On Tuesday, Shiba Inu (SHIB) price is at $0.000021 after retesting and rebounding off crucial support the day before. Support levels from $0.000019 to $0.000021 allow sideline investors to buy SHIB.

Shiba Inu pricing may recover.

Monday's Shiba Inu price fell below $0.000019, its daily support level. The 61.8% Fibonacci retracement from the August 5 low of $0.000010 to the December 8 high of $0.000033 makes this support level a critical reversal zone. It trades above its 200-day Exponential Moving Average (EMA) at $0.000021 on Tuesday.

SHIB may continue the advance to $0.000028 if $0.000019 holds as support and it closes over $0.000022 weekly barrier.

The daily RSI is 44, below its neutral threshold of 50, suggesting mild bearish momentum. The Moving Average Convergence Divergence (MACD) indicator flattens around zero, indicating trader indecision.

However, on-chain data suggests Shiba Inu pricing will rise. At an average price of $0.000021, 17,160 addresses acquired 3.22 trillion SHIB coins, according to IntoTheBlock's IOMAP. This reversal level is important because many investors may add to their holdings if the price declines.

Technically, the $0.000019 to $0.000021 support level matches IOMAP results, making it a key reversal point.

According to Coinglass's OI-Weighted Funding Rate statistics, more traders expect SHIB to rise than decline.

This indicator uses futures yields weighted by open interest rates. Bullishness is shown by a positive rate (longs pay shorts), and bearishness by a negative rate.

SHIB has 0.0103%, a positive rate. This circumstance frequently indicates market bullishness, predicting Shiba Inu's price may rise2️⃣0️⃣2️⃣5️⃣$SHIB #Shibinu #SHIBFuture #like_share_follow