SHIB has suffered a crushing decline over the last three weeks after it peaked at $0.0000885. The meme coin remains unable to break above my three-week-long descending trendline as it recorded its lowest point since October 25. That said, the eleventh-largest cryptocurrency currently approaches this trendline again and needs to post a decisive close above this line to break the jinx. Failure to close above this level preserves the bearish momentum and could set SHIB into consolidation between $0.0000470 and $0.0000420.
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000450, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.57 trillion
Shiba Inu Market Capitalization: $25.6 billion
Shiba Inu Dominance: 0.99%
Market Rank: #11
Meanwhile, my resistance levels are $0.0000500, $0.0000550, and $0.0000600, and my support levels are $0.0000450, $0.0000420, and $0.0000400.
Total Market Capitalization: $2.57 trillion
Shiba Inu Market Capitalization: $25.6 billion
Shiba Inu Dominance: 0.99%
Market Rank: #11