SHIB/USD falls under bear reign with traders anticipating a breakout. Bearish momentum remains, but an oversold RSI signals a possible buying opportunity.
- SHIB market experiences low volatility, hinting at possible consolidation.
- Strong bearish momentum persists, but an oversold RSI suggests buying opportunity.
- Increased trading volume and stockpiling suggest the potential for major price changes.
The bearish trend in the Shiba Inu (SHIB) market has been strong in the previous 24 hours, with the price falling to an intraday low of $0.00000996 (support). SHIB was trading at $0.00001002 (a 2.34% decrease) at press time, approaching the resistance level at the 24-hour high of $0.0000103.