The passing of Shibarium’s impact has swung the price of Shiba Inu (SHIB), the popular memecoin dropping close to 10 percent in the last 24 hours.
Continuing its upward pricing with the Shibarium news, SHIB has recently broken the rising and falling price. Memeoin, which fell without touching an important resistance area, became the 3rd project of the day that lost the most value in the last 24 hours. How does the technical analysis continue in SHIB, which has received a reaction from the support received as of the current situation?
Shiba Inu (SHIB) technical analysis
SHIB, which collapsed on the downside break of $0.00001044, directly tested $0.00000895. The fact that this region is a buyer in a wide time period has managed to move the price up a little. But the danger on the SHIB side is not over yet. The level that must be exceeded in order to be able to expect uptrends is $0.000011004. After that, $0.00001074 and $0.00001159 can be targeted.
The non-revival of the Shibarium effect or the oscillation of BTC will continue to shake the SHIB price. In such a scenario, traceable support points are 0.00000895 – 0.00000844 – 0.00000774 and 0.00000751 respectively. In particular, the price action between $0.00000895 – $0.00000877 will be decisive.
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