Over the weekend, SHIB recorded a +50% bounce from the $0.0000278, culminating with a peak at the $0.0000446 high. However, the thirteenth-largest Cryptocurrency suffered an almost immediate plunge into the $0.0000375 - $0.0000325 pivot zone. That said, the supportive factors around this axis helped the meme coin return to the upper-$0.0000400 area early this morning. However, Shiba Inu currently struggles with posting a sustained recovery above the psychological line. With SHIB nearing overbought conditions, I expect a retest of the $0.0000450 area in the coming days, followed by a sustained correction to ease out of overheated conditions.
Meanwhile, our resistance levels are $0.0000400, $0.0000420, and $0.0000450, and our key support levels are $0.0000375, $0.0000350, and $0.0000325.
Total Market Capitalization: $2.60 trillion
Shiba Inu Market Capitalization: $15.4 billion
Shiba Inu Dominance: 0.59%
Market Rank: #13
Meanwhile, our resistance levels are $0.0000400, $0.0000420, and $0.0000450, and our key support levels are $0.0000375, $0.0000350, and $0.0000325.
Total Market Capitalization: $2.60 trillion
Shiba Inu Market Capitalization: $15.4 billion
Shiba Inu Dominance: 0.59%
Market Rank: #13