I've been watching Shiba Inu for a while, and honestly, the movement doesn't look very clean. It recently reached $0.00000644, but it seems to be struggling to maintain that momentum. What worries me is that there's a pretty strong bearish resistance that it hasn't been able to break definitively.



If we look at the numbers, Shiba Inu could fall to $0.00000545 without much drama, but if that level gives way, the next area where buying might occur is around $0.00000507. Between $0.0000060 and $0.0000059, there's a history of significant selling pressure, so that's probably where the action will concentrate.

I'm not saying it's certain, but Shiba Inu needs to break above $0.00000656 to really change the narrative. If it does, we could see a bullish continuation. For now, the market is weak, and caution is the most sensible approach. We need to wait and see if it holds or if it confirms the 10.5% correction some are expecting.
SHIB-1,29%
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