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Shiba Inu made a dramatic step, creating what seems to be one of the most notable knife models of the year. The huge Candle Shadow of the daily indicates that the market is undergoing serious volatility, leaving investors trying to determine the course. Usually, this type of training can indicate a potential price reversal, but if the momentum does not change quickly, it also anticipates more drops.
Shib is currently negotiating just above its last hollow at around $ 0.000019. The level which served as a support, $ 0.00000020, now acts as resistance. The level of $ 0.000017 is the next important level to keep an eye on, downwards, because this is where some buyers can intervene. The $ 0,000015 zone could be the final bastion before another significant accident if it does not work.
We can attend a rebound if Shib is able to maintain more than $ 0.000019, especially if the volume increases. The next obvious target for bulls is $ 0,000022; If this level is transformed into support, it can open the way to a rally to $ 0.000025. Given the size of the candle wick, it seems that buyers quickly moved, which can be an early indication of accumulation before recovery.
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However, Salogner Can move in the direction of the management of $ 0.000017 if it is unable to maintain its position greater than $ 0.000019. The price would evolve around $ 0.000015 or even more than this level was broken, confirming an additional momentum. There is still a lot of sales pressure present because the mobile averages are currently sloping. The whole situation is more aggravated by the lack of substantial reinforcement of purchasing power.
The shadow of the enormous candle is an important indicator that could determine the SHIB conduct line. We could attend a substantial recovery if the buyers maintain their momentum. The meme piece could face new difficulties, however, if the negative trend persists. Brands of $ 0.000019 and $ 0.000017 are important levels for investors to monitor, as they will probably determine the short -term Shibst price.