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Shiba Inu: Watch for a potential bounce off key support if volume confirms
I think Shiba Inu is showing a critical support zone around $0.000010 that has absorbed selling pressure in the past, and a move above its descending trendline could spark a meaningful bounce toward the $0.000033–$0.000077 range if momentum builds and volume confirms. While the near term remains mixed with bearish tilt in indicators, the history of reversals near these weekly support levels suggests demand can re-emerge. If the weekly supports hold and volume picks up, the setup favors a bullish tilt; if they fail, downside could accelerate. Watching exchange inflows, whale transfers, and whether a breakout is accompanied by higher volume will be decisive for the next leg.
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Analysis
The discussion centers on SHIB trading near pivotal weekly support lines at $0.000010 and $0.000007, which historically absorbed selling pressure and sparked rebounds. The price has revisited the $0.0...
Recommendation
If you already hold SHIB, consider monitoring the weekly support levels and volume signals as a potential buy-on-breakout scenario rather than chasing a move. A decisive close above the descending tre...
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.