Sharp Reversal
The price of SHIB made a sharp reversal after briefly reaching $0.000011. In the past five days, sellers have taken full control of the price action and pushed SHIB back under the current resistance level of $0.000010.
Key Support and Resistance Levels
- Key Support levels: $0.0000090, $0.0000080
- Key Resistance level: $0.000010
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
This correction has made the task of buyers difficult as they try to stop the bearish momentum.
Hot Take
The recent sharp reversal and the control of sellers over the price action indicate a challenging time for SHIB buyers. With key support and resistance levels in play, it remains to be seen if buyers can regain control and reverse the bearish momentum.
