Shiba Inu Faces Pullback: Will Key Support Levels Hold?

According to CryptoPotato, Shiba Inu (SHIB) has entered a pullback after a failed attempt to break above the resistance level at $0.000037. Sellers have returned, and bears seem determined to drive the price down to the key support level at $0.000025. This correction is considered normal and not a cause for concern, especially since SHIB recently experienced a massive rally that quadrupled its price. It is crucial to monitor the key support level and see if buyers will re-enter the market with force, potentially putting SHIB back on an uptrend. The daily Moving Average Convergence Divergence (MACD) for SHIB remains bearish, as the moving averages on the daily timeframe have crossed bearishly. Until the histogram makes higher lows, this bearish trend is unlikely to change. The current bias for SHIB is bearish, with all eyes on the key support level at $0.000025. If this level holds, buyers could potentially take SHIB back on the offensive to break the current resistance.

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