Shiba

bullish

Resistance

Shiba Inu

Coin

<ul class="wp-block-list news-points"> 
 <li>SHIB tests crucial resistance at $0.000014</li> 
 <li>Breakout or pullback depends on trading volume</li> 
 <li>Key support and resistance levels guide short-term direction</li> 
</ul> 
Shiba Inu’s price is approaching a crucial resistance level of $0.000014, according to trader SHIB KNIGHT. While recent gains suggest an upward trend, the SHIB/USDT chart reveals a period of consolidation near this level. 
This consolidation highlights the importance of key support and resistance levels. SHIB finds support at $0.0000136 and $0.0000138. Resistance looms at $0.0000142, $0.0000145, and $0.0000149. The current price action suggests a potential pullback, but previous bullish momentum leaves room for a breakout. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a> is forming an uptrend since yesterday. Here is 2Hours chart targets<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/MNsUlAFlLs" target="_blank" rel="nofollow">pic.twitter.com/MNsUlAFlLs</a>— $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1826518393056383079?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 22, 2024</a>
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</figure> 
However, the SHIB/USDT 2-hour candlestick chart shows the price consolidating near this level. The chart also highlights several key support and resistance levels. 
Key support levels are at $0.0000136, $0.0000137, and $0.0000138, with the latter closest to the current price. Resistance levels are at $0.0000142, $0.0000145, and $0.0000149. S…
The post <a href="https://coinedition.com/shiba-inu-faces-key-test-will-bulls-push-shib-higher/">Shiba Inu Faces Key Test: Will Bulls Push SHIB Higher?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Faces Key Test: Will Bulls Push SHIB Higher?

Coin Edition

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