The meme coin Shiba Inu is currently facing a pivotal resistance level at $0.00002320. Breaking through this barrier could see its value rise to $0.00002550. Such a move might set the stage for reaching the $0.00010000 threshold.
However, a downturn could push its price down if seller's rises from this level of $0.000022. Thereafter, the market sentiment could turn negative, where SHIB could fall further to $0.00002000. Where, increased bearish momentum may confirm a downward trend.
The daily technical analysis shows a promising outlook for Shiba Inu, with its price on a recovery path. The Relative Strength Index (RSI) is at a balanced 40. The MACD line has crossed below the signal line, indicating potential bearish momentum in the short term at -0.00000081.
However, a downturn could push its price down if seller's rises from this level of $0.000022. Thereafter, the market sentiment could turn negative, where SHIB could fall further to $0.00002000. Where, increased bearish momentum may confirm a downward trend.
The daily technical analysis shows a promising outlook for Shiba Inu, with its price on a recovery path. The Relative Strength Index (RSI) is at a balanced 40. The MACD line has crossed below the signal line, indicating potential bearish momentum in the short term at -0.00000081.