Due to the inability to support the previous price impulse, Shiba Inu can soon check its critical support level of $ 0.000019, according to current action. This level is crucial for the future Shib price trajectory, because it corresponds to its minimums in October 2024. Shiba Inu trade is lower than important exponential sliding funds, such as 200 EMA, indicates a dull bull market.
The lack of noticeable volatility and volume has become a constant problem, recalling investors looking for a quick price movement even in the face of sporadic attempts to restore higher levels. Therefore, Shib is still in a vulnerable position, since it is approaching this significant support. Possible recovery can be indicated if SHIB can find support at 0.000019 US dollars and bounced above. The purchase will probably resume if there was a change at this level, in order to achieve important resistance levels at the level of 0.000022 US dollars and $ 0.000025.
This situation can restore faith in the ability of Shiba to adhere to important support, which can lead to a short rally. The Shibe will require more trading and revived the interest of institutional and retail investors to happen. The performance of bitcoins and other common market factors will also affect whether the Shiba is gaining enough traction to support recovery.
Shiba Inu can experience a deeper sale and push assets for new minimums if he cannot support support in the amount of $ 0.000019. A decrease in levels not observed since the summer of 2024, for example, $ 0.000015 or even $ 0.000013, may be the result of a violation of this level. Investors’ confidence will be even more damaged by such a decline that it complicates the load of Shiba.
Given the stronger results of competitors in the space of coins of memes, this bearish result will emphasize the asset under high voltage. In addition, a decrease can be aggravated from the lack of excitement and volatility that previously promoted the Shiba.
