Shiba Inu certainly finds it difficult to recover properly while the wrestling of the assets on the market continues. At approximately 0.00001575, Salogner clearly moves into a downward trend, forming a lower higher level after a higher level and shows no advantage momentum.
With several unsuccessful attempts to break up above the important levels of resistance, the action of Shib Price indicates a continuation of the downward trend. The 200 -day EMA (black), the EMA at 100 days (orange) and the 50 -day EMA (blue) are all higher at the current price, confirming the downward trend and showing significant resistance.
The high lower formation, which indicates that each rescue rally is lower than that which before it is a significant factor at the origin of this trend. Since this model is generally linked to the current sales pressure, Shib finds it difficult to set up a strong recovery. It becomes more likely that Salogner Are we going below $ 0.00001,500 and will add another zero at its price as it continues to drop.
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The next important area to keep an eye is $ 0.00001,400, followed by $ 0.00001300 if the asset is unable to maintain this important level of support. If these levels are broken, Salogner can enter an extended bearish phase. Alternatively, Shib should exceed the descending EMA and invalidate the structure down in order to recover at least the range from 0.00001800 to $ 0.00002,000 so that a Haussier reversal occurs.
However, such a decision does not seem likely in the near future due to the low volume and the lack of purchase pressure. There is still a lot of pressure on Shib, and more drops could occur unless the market improves. Investors must keep an attentive eye on the level of $ 0.00001,500 because a clear break below could accelerate the drop.
Unfortunately, the probability of such a movement is quite low. Shiba Inu receives a lot of sales pressure, and there is not much that local bulls can do about it. There are key levels to keep an eye, like $ 0.00001,500, but even they could be broken after a little more pressure on the market.
Caution is always the best course of action for anyone wishing to enter or hold shib positions, because there are no obvious indications of reversal. The current SHIB trajectory indicates that bears are still in control in the absence of strong catalysts, and if the decline continues, the asset can be in danger of adding another zero.