Shiba Inu Faces Significant Resistance Levels Amid Rally Pause

According to CryptoPotato, the Shiba Inu price rise stalled below the key $0.000037 resistance level. Buyers were unable to move above this level, causing prices to move sideways. The bullish momentum is taking a break, which could provide an opportunity for sellers to bounce back. If buyers fail to challenge the current resistance anytime soon, the bears may be encouraged to push SHIB to the key support level at $0.000025.

The daily MACD histogram is showing early bearish signs and lower highs are appearing. If the moving averages also turn bearish, SHIB price may test the current support level before buyers bounce back. SHIB's bias is neutral. Considering the price has tripled in a week, a consolidation right now is a healthy and expected move for Shiba Inu. As long as the key support at $0.000025 holds, buyers may try to move higher later.#binacenews $SHIB