Bearish SHIB Outlook: Support at $0.0000122 Likely to Break Toward $0.00001
I see SHIB as increasingly bearish: technicals suggest a move toward the $0.00001 area within 2–3 weeks as critical support at $0.0000122 is under pressure.
Momentum and trend indicators have deteriorated, so I expect downside continuation unless buyers quickly reclaim the $0.0000122 level.
I am avoiding new long exposure and would reduce size or exit on confirmation of further weakness, while watching for a clear reversal signal before considering re-entry.
Analysis
Technical momentum is weakening and the key support at $0.0000122 is being tested; a break would likely target $0.00001 within 2–3 weeks, while failure to hold could accelerate selling.
Recommendation
I recommend selling or reducing SHIB exposure and avoiding new long positions until price reclaims and holds above $0.0000122 or a clear bullish reversal pattern forms.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.