Shiba INU(SHIB) Price Failed to Surpass Crucial Levels. How Will it End the Year 2021?
After drowning within a deep well, the crypto space is currently attempting to get back on track very soon. However, the bears appear to be well in place and hence they are leaving no stones unturned to drag down the price. The Shiba Inu price also is going through a lot of hurdles which at present does not appear to get diluted in the short-term. Yet, still, the probability of a notable uptrend can still be expected when the price reaches some pivot levels.
SHIB price after breaking the strong support levels is plunging heavily at a larger pace and showing no possibilities of a notable rebound. Despite hovering within a notable downtrend, yet the asset is still in a good position well above the strong support levels. And hence one can expect a healthy rebound if there is a large influx of volume at once.
Indicators & Pivotal Points
Overall, the SHIB price appears to be completely bearish with depleted pivot levels. The indicators are either neutral or pointing out towards a neutral signal. On the other hand, the resistance in the short term and the support levels are not much distinct. Therefore pointing out towards a stagnant, downtrend awaiting ahead for the Shiba Inu price.Source