SHIB Price at Crossroad: Key Support and Resistance Levels to Watch

By Owen Patter Aug 15, 202383Views

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Rejection under Key Resistance

The rally in SHIB’s price came to a halt on Sunday as sellers gained strength and halted the upward momentum. This indicates a potential correction in the near future.

Key Support levels: $0.000010; $0.000094
Key Resistance levels: $0.000012

1. The rally in SHIB’s price has stopped as sellers gained strength.
2. This is the first time in over a week that sellers were able to halt the rally.
3. If the selling pressure continues, SHIB may enter a correction phase.
4. The key support levels to watch are $0.000010 and $0.000094.
5. The key resistance level to overcome is $0.000012.

Hot Take

SHIB is at a critical point as the bullish momentum wanes and sellers gain strength. The rejection under the key resistance level suggests that a correction may be imminent. Crypto readers should keep a close eye on SHIB’s price and watch for further signs of a potential downturn.

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Owen Patter

Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen's contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.