Shiba Inu fell drastically yesterday, hitting lows of $0.0000116 after reaching highs of $0.0000169. At the time of writing, $SHIB
had marginally recovered and was up 6% in the last 24 hours to $0.00001542.
If #SHIB sustains its rebound, a break above its daily moving averages of 50 and 200 at $0.00001927 and $0.00002119 might lead to more gains. However, if selling pressure returns, SHIB may need to defend the support near $0.000011 to avoid more losses. With large holder inflows #skyrocketing , SHIB holders are keeping a careful eye on whether the current rebound can last much longer. Will this lead to a larger breakout or just a brief rebound? Time will tell.