Crucial Time for SHIB Holders! Shiba Inu Price To Enter Danger Zone?
The crypto market continues to struggle with volatility. All the major cryptocurrencies have followed Bitcoin’s bearish trend, along with assets like Shiba Inu and Dogecoin.
Currently, at the time of reporting, Shiba Inu is trading at $0.00001011 with a fall of 1.77% over the last 24hrs. The bulls are trying their best to defend the $0.0000100 range. The immediate resistance lies at $0.0000102 and the support is positioned at $0.000009.
Just a day before, Oct 18, Shiba Inu was close to losing its crucial range of $0.000010 after the currency plunged as low as $0.00001007.
This time last year, Shiba Inu was enjoying immensely bullish days and hit an all-time high of $0.000088. However, 2022 brought about bearish days for SHIB.
Brighter Days Ahead For SHIB
On a brighter note, new buyers tend to flock to popular currencies such as this to invest when it is trading low. Most SHIB supporters believe that this price drop will attract newbie traders and investors toward Shiba Inu as it has a low valuation.
When the price trade for the last three days is considered, it can be observed that bulls have just managed to hit an intraday high of $0.0000104 before making a fall.
While Shiba Inu’s daily moving average slides down, the RSI sticks to its negative zone. If ShIb loses the key level of $0.000010 then the currency will drop to $0.0000092 and then to $0.00000712. However, if bulls resume control, then Shiba Inu will reclaim $0.000012 and then $0.0000139.Source