33 Trillion Shiba Inu (SHIB) Support Losing Steam: What's Happening?

These red zones grouping together suggests that SHIB will have a difficult time rising without a spike in demand for purchases. The subsequent significant support zones located at $0.000018 and $0.000019 could be the target of a decline due to waning confidence in the support level. In the event that the $0.000022 threshold is crossed, these levels, which correlate to past buying areas, might act as a buffer.

The $0.000028 resistance could be the target of a breakout above $0.000025, which would rekindle bullish momentum. A breakout from the triangle pattern might push the asset toward higher resistance levels if SHIB's support at $0.000022 holds firm. A retracement could occur, though, if the buying momentum wanes or if there is general market weakness. For possible clues, investors should keep an eye on the $0.000022 support and the $0.000025 resistance.