Will Shiba Inu Reclaim $0.000012? SHIB Eyes Retest After Support Breakdown
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Shiba Inu It is in a moment of manufacturing or destruction as it strives to recover from the recent support breakdown. The price decline has aroused bullish sentiment and if buyers do not regain control, it has raised concerns about further losses. Now, Shib Eyes has a potential comeback aiming to regain the $0.00001272 level, which has become a key resistance zone.
Purchase momentum must increase Rebound To gain traction, push Shib over this critical obstacle. However, if bearish pressure continues, the price may face another downward move, resulting in deeper losses.
Hebrew loses critical support
Shiba Inu has faced a major setback recently as it priced below the key support level of $0.00001272. This level previously acted as a strong floor, providing stability during the period market volatility. However, increased sales pressure and bearish market sentiment pushes SHIB below this key threshold, indicating a potential shift in momentum.
Related Readings
After breaking down below the $0.00001272 support level, Shib tried to retest this critical area. For Shib, retraction of this level could indicate a reversal and restore confidence among investors. Nevertheless, failure to exceed $0.00001272 may strengthen bearish momentum, resulting in a further decline.
Despite continuous retry, technical indicators indicate weak Bullish Motivation has caused concerns about Hebrew’s ability to recover. The MACD line and signal line remain below average. Additionally, Shib continues to trade in SMAs under 100 days, thus enhancing the seller’s advantage.
However, if the Bulls manage to push Shib’s price higher to a resistance level of 0.00001272 and restore the 100-day simple moving average (SMA), it may mark a trend reversal. success breakthrough Above these key levels may attract repurchasing interest, enhancing upward movements to challenge higher resistance levels, such as $0.00001703 and $0.00002045.
Downward trend focus: Will Shiba Inu face more losses?
Shiba Inu is still below Bearish The pressure has sparked doubts about the current bullish recovery. Sellers are currently prevailing as SHIB trading is below key resistance levels and MACD signal weaknesses. Failure to exceed the resistance zone of $0.00001272 may accelerate losses, pushing Shib toward lower price levels.
Related Readings
If this happens, SHIB may test the support level of $0.00000847. Break below this critical area may trigger expansion Sellpotentially pushing the price to $0.00000534 Support area.
Such a decline could indicate bearish dominance, shock investor confidence and lead to increased sales pressure. To avoid deeper losses, buyers must step into these key levels and prevent meme coins from entering an extended downward phase.
Featured images from Adobe Stock, charts from TradingView.com
