#SHIB

🐕 Shiba Inu $SHIB Market Update

Shiba Inu (SHIB) is currently trading in bearish territory 📉 below the Ichimoku Cloud, indicating sustained selling pressure. The token recently faced strong resistance at $0.00001307 and is finding support around $0.00001275. This support is critical, as price action shows SHIB is struggling to maintain its current levels ⚠️.

🔑 Key Levels to Watch:

📈 Resistance:

$0.00001307

$0.00001501 (⚠️ major supply wall)

📉 Support:

$0.00001275 (🔊 backed by above-average volume)

$0.000013 (📊 35,900 addresses bought 14.9T SHIB here)

🔥 Critical Resistance:

$0.000014217 – SHIB must break this level to shift back to bullish momentum 🚀

📊 Market Sentiment:

🌍 Geopolitical tensions and evolving trade policies continue to weigh heavily on SHIB and the broader crypto market, increasing overall uncertainty 😟.

RSI is showing waning bullish momentum 🐢

NVT ratio remains high, suggesting SHIB may be overvalued 📏

📉🔁📈 Potential Price Movement:

If SHIB fails to hold support, a drop to the $0.000008 – $0.000013 range is likely ❗

A break above $0.000014217 could mark a bullish reversal, with upside targets at:

$0.00003 🟢

$0.000033 🟢🚀