Shiba Inu (Shib), the same piece that captured the heart of crypto lovers in the world, is again at a crossroads. After a period of volatility, the price of SHIB settled in a tight consolidation phase, fighting to overtake a key mobile average – a level which has become a critical battlefield for bulls and bear.
This break in the momentum left traders on board, wondering if the token is prepared for a dramatic burst or offender for additional consolidation. With crypto The eyes of the market locked up on Shib, the next decision could revive the frenzy that defined this emblematic token trip.
Understand the current consolidation phase
Currently, Shiba Inu oscillates between $ 0.00001787 and $ 0.00001272 below a key mobile average, a critical indicator which often acts as a level of support or resistance. This suggests that if some sales pressure prevents a break, buyers also work to avoid a sharp drop.
During consolidation, traders Closely monitor the keys support and resistance levels to determine potential escape points. The current battle between buyers and sellers maintains the price of SHIB in check, the bulls preventing a sharp drop while Bears limits the momentum upwards.
A rupture of this phase could set the tone for the next shib trend. If buyers earn Check and push the price above the resistance levels, it could trigger a strong rally. However, if the sales pressure is intensifying, Shib can face other drawbacks.
For the moment, market players remain on alert for a decisive decision that would define the next main management of Shiba Inu. The relative resistance index (RSI) also reflects the current consolidation, the fluctuating indicator between 46% and 35% below the neutral level at 50%.
As a rule, the position of RSI below the brand of 50% indicates that the sales pressure was dominant in the short term, but an absence of extreme readings (below 30%) implies that the walk is not yet in territory occurring. This alignment with the consolidation phase reflects a balance between buyers and sellers, because none of the parties has won enough force to push the price into a clear trend.
Where is Shiba Inu’s head?
The next Shiba Inu movement depends on whether it can get out of its current consolidation phase. A decisive thrust above the key mobile average could trigger a renewed bullish momentum, leading Shib to the highest resistance levels like $ 0.0000002045. Such a decision would probably be fueled by the renewed confidence of investors, the positive feeling of the market or a wider cryptography market upward trend.
On the other hand, if the sales pressure is intensifying and Shib does not hold its current level of support of 0.00001272, a breakdown can cause more drawbacks. The scenario could see the coin Retrop the lower support areas such as $ 0.00,000,847 and beyond, especially if the wider market conditions remain lower.
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