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Articles by Duo Nine

Shiba Inu Price Analysis: SHIB Skyrockets 35% in a Day as Bulls Regain Control

20 hours ago

Key Support level: $0.000048; $0.000044
Key Resistance level: : $0.000055; $0.000062
Two days ago, we hinted that SHIB might be preparing for a bull run. Yesterday, this was confirmed when the cryptocurrency broke above the descending wedge (in blue, this is a bullish formation). With this breakout, the buyers flooded into SHIB, and volume spiked, taking the price all the way to $0.000054 at the time of this post. This is a 35% price increase in the span of a day.
The key support can be found at $0.000044 and the next resistance at $0.000055. Considering the momentum behind SHIB, the price can quickly move past existing levels in its search for a new valuation.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume exploded after the break above the wedge.

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Solana Price Analysis: Bullish Divergence Hints at a Possible Rally

2 days ago

Key Support levels: $190
Key Resistance level: $213, $236
SOL has corrected around 30% from its all-time high at $259 and has found good support at the $190 level. While the latest drop in price made a lower low on the chart, the RSI has made a higher low. This is a bullish divergence and may indicate that the correction is coming to an end soon. To confirm this, SOL’s price has to pass two key resistance levels found at $213 and $236.
Chart by TradingView.Technical Indicators
Trading Volume: The volume decreased as the correction progressed. This is a bullish sign. It’s important to watch closely the volume once SOL tries to rally. If it has a sharp increase, that would show bulls are eager to get back into the action.
RSI: The daily RSI made a higher low despite the

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Ripple Price Analysis: XRP Breaks Below $1, Recovery Stalls

2 days ago

Key Support levels: $0.89
Key Resistance level: $1
On 26 November, XRP broke below $1 – following our analysis at the time that anticipated a significant move. With this breakdown, bulls lost a key support level as the $1 level turned into resistance.
The drop in price found good support at $0.89, and XRP is currently attempting a recovery back to $1. It’s interesting to see if the cryptocurrency will recover above this level on its first attempt, as it seems likely that volatility might be inbound.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume during the breakdown under $1 was considerable. Since then, the bulls were timid to push prices higher, and the volume remains low.
RSI: The daily RSI made a lower low and is trying to curve back up. During the

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Ethereum Price Analysis: ETH Resistance at $4350 Intact, Will Bulls Step Back In Soon?

3 days ago

Key Support levels: $4,000
Key Resistance levels: $4,350, $4868 (ATH)
ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions.
This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls need to be very careful of potential downward movements.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is decreasing, perhaps in anticipation of a major breakout. The previous attempts to break the key resistance level were on low volume, which is the reason why the bears were also

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Shiba Inu Price Analysis: SHIB Meets a Critical Support but is Correction Over?

3 days ago

Key Support level: $0.000035; $0.000032;
Key Resistance level: : $0.000039; $0.000044;
SHIB’s latest drop in price found support on the $0.000035 level, and the price appears to approach the end of this bullish descending wedge highlighted in blue on the chart. The big question is if SHIB can break away and rally to end the correction.
A first signal that this could be taking place is if SHIB will manage to turn the $0.000039 resistance into support. If that happens, there is a good chance SHIB can reverse course.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume decreased along with the price. This is a bullish indicator. Moreover, the last attempt to break away from the wedge was met with a quick increase in volume, showing that interest in SHIB remains

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Crypto Price Analysis Nov-26: Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom

5 days ago

This week, the market correction continued with most cryptocurrencies suffering significant losses, particularly today when Bitcoin dropped 10% in 12 hours, and altcoins charted double-digit losses. In what follows, we take a look at Ethereum, Binance Coin, Solana, Avalanche, and CryptoCom’s CRO.

Ethereum (ETH)
Ethereum had a nice rally this past few days and gave hope of a major breakout. However, today’s price action has re-set ETH back to $4,000 ending the past seven days in green at only 3%.
The $4000 level is also key support, and it would be surprising to see ETH close below it. Bulls are likely to defend it well and may not allow ETH to drop further outside of a wick.
The resistance sits at $4,500, and it might take a while for bulls to push the price back there as

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Ethereum Price Analysis: Ethereum Bulls Resurface, Attempt to Trigger a Fresh Rally

6 days ago

Key Support levels: $4,000, $4,350
Key Resistance levels: $4868 (ATH) 
ETH gave some strong signals yesterday that it was turning bullish, particularly on the Bitcoin pair. Today, it has broken above the $4,350 resistance. If this momentum continues, ETH can enter a new rally that can take it back to the all-time high at $4,868 and beyond.
Chart by TradingViewTechnical Indicators
Trading Volume: The break above the key resistance at $4,350 took place on low volume, and this is not ideal. However, so long as the bulls continue to push prices higher, volume can pick up.
RSI: The RSI on the daily and the 4-hour timeframe are moving higher again after curving back up yesterday. This is bullish, particularly since the RSI has been making higher lows.
MACD: The MACD is still

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Ethereum Price Analysis: ETH at 2-Month Highs Against Bitcoin

7 days ago

Key Support levels: $4,000 | 0.070 BTC
Key Resistance levels: $4,350, $4868 (ATH) | 0.080 BTC
ETH’s price is currently consolidating between the support at $4,000 and the resistance at $4,350. However, on the Bitcoin pair, ETH looks much more interesting as it has just hit a 2-month high (0.076 BTC) and appears ready to break above a key resistance spanning all the way back to 2018. If ETH can do this successfully, it may outperform Bitcoin in the near future.
Chart by TradingViewTechnical Indicators
Trading Volume: Volume remained steady in the past few days with a good influx of buyers around support. However, the resistance level continues to stop bulls from advancing forward.
RSI: The RSI on the daily and the 4-hour timeframe is making higher lows. This is a bullish

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Avalanche Price Analysis: AVAX Cools Off Following a New ATH at $147

8 days ago

Key Support levels: $124, $110
Key Resistance levels: $147, $160
AVAX has finally met some resistance after a significant rally which took it to $147. The price is currently correcting. As such, the cryptocurrency can find good support on the $124 and $110 levels depending on how deep the correction is, while the levels found at $147 and $160 will act as resistance.
Chart by TradingViewTechnical Indicators
Trading Volume: Very strong and sustained volume during the rally. However, because of the current pullback, it’s important to wait for a support level to hold before.
RSI: The RSI on the daily timeframe is curving down after nearly touching the 80 points level. If the correction continues, the RSI is likely to fall back under 70 points.
MACD: The MACD on the daily

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Shiba Inu Price Analysis: SHIB Drops Below a Critical Point as Bears Take Control

8 days ago

Key Support level: $0.000042; $0.000039; 
Key Resistance level: : $0.000044; $0.000050;  
Despite the previous attempt from the bulls to keep the price of SHIB inside the descending triangle, they have lost momentum, and now the price is sitting on the next support level found at $0.000042.
After SHIB broke below $0.000044, this level turned into the current resistance. Unfortunately for the bulls, SHIB’s situation, at the time of this writing, doesn’t seem very promising from a technical perspective.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume remains low, but the price continues to fall. There seems to be no buying pressure for SHIB at this time.
RSI: The RSI continues to fall and does not give any signals of a possible reversal at this time.

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Binance Coin Price Analysis: BNB Bears Halt the Attempt to Break Above $600

9 days ago

Key Support level: $516
Key Resistance level: $600, $692 (ATH)
The price rallied off the $516 support level with sufficient momentum to go all the way up to the $600 resistance level.
Once there, the bears rejected the price and look likely to continue to put up a good fight at this key psychological level. For this reason, BNB still lingers just under $600 at the time of this post while the bulls are considering another attempt to break above.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is falling, and this last rejection at $600 has cut the momentum from BNB bulls. It might take some time for them to recover and try again.
RSI: The RSI fall has stopped, and it has even made higher lows. This is a positive change from last week when BNB was in a

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Ripple Price Analysis: XRP Consolidation Above $1 Hints at a Big Move Incoming

9 days ago

Key Support levels: $1; $0.96
Key Resistance level: $1.2
XRP’s price is currently consolidating above the key support level at $1. The momentum in the market has reduced, and XRP volatility has been low in the past few days.
This is an expected pause after the broad market correction from last week. The key resistance continues to be at $1.2 and might not be tested any time soon since XRP price action shows some indecision on the way forward.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume is low and decreasing. This usually predates volatility that can return in the near future as the price decides where to go next.
RSI: The daily RSI continues to fall. However, on the 4-hour timeframe, it is making higher lows while the price is pretty much at the

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Avalanche Price Analysis: AVAX Explodes to New ATH, What’s the Next Target?

10 days ago

Key Support levels: $106
Key Resistance levels: $160
After AVAX turned the previous resistance at $106 into support, the price has not stopped moving higher. The momentum is very strong, and bulls have full control of the market. The next key resistance to consider can be found at $160.
Chart by TradingViewTechnical Indicators
Trading Volume: The break of resistance happened on good volume. However, the current increase in price appears to happen with a decreasing volume. This is not ideal, but the momentum remains in favor of the bulls, at least for now.
RSI: The RSI on the daily timeframe is above 80 points which indicates a strong bullish presence. Nevertheless, it’s important to be careful because if the RSI reaches over 90 points and into oversold territory, this

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Ethereum Price Analysis: ETH At Critical Point, $4K Retest or ATH Attempt Next?

10 days ago

Ethereum’s price dropped under $4,000 for a brief period on Thursday before heavily recovering. However, the danger is not over yet, as ETH needs to break above critical key resistance.
Key Support levels: $4,000 – $3,850
Key Resistance levels: $4,350 – $4868 (ATH) – $5,075
ETH’s price is currently hovering around the key resistance of $4,350, the level that ETH was unable to close above over the past five days.
If failing to do so, ETH is likely to see another drop to retest the key support at $4,000 (September high), which was well defended by the bulls on Thursday. The overall market and ETH face a decisive moment that will define the price action for the remainder of the month.

The Technicals
Trading Volume: A high volume was noted both following the breakdown below

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Shiba Inu Price Analysis: SHIB Bulls to the Rescue, Chart 6% Daily Gains

12 days ago

Key Support level: $0.000044; $0.000032
Key Resistance level: : $0.000050; $0.000055
SHIB’s price was in a very dangerous area yesterday when it broke below the support level at $0.000044. There was panic and despair in the market, with most SHIB holders starting to doubt their investment. Fortunately, the bulls reversed the downtrend today and got the price back into the blue triangle, which gives temporary relief, at least.
However, the bears managed to push SHIB lower, and the daily chart has made a lower low. Together with the lower highs, SHIB has been making in the past month, the chart paints a rather grim picture ahead. The trend is clearly bearish, at least for the time being. This makes the support at $0.000032 a likely target for bears before any potential

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Crypto Price Analysis Nov-19: Ethereum, Cardano, Ripple, Binance Coin, and Solana

12 days ago

This week the market took a downturn which resulted in most cryptocurrencies suffering significant losses. We take a look at Ethereum, Cardano, Ripple, Binance Coin, and Solana.

Ethereum
Ethereum broke below the ascending wedge this week and corrected all the way to $3,958.
Compared to last week, ETH registered a -11.3% correction and fell under $4,000 for the first time in November. The first sign that such a correction could take place was given by the daily MACD that did a bearish cross just before the downtrend started.
The current price action signals that the correction may come to an end soon, as the downwards momentum is decreasing. Moreover, the RSI on the 4-hour timeframe has formed a bullish divergence as the ETH price fell under $4,000. This signals to the

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Ripple Price Analysis: XRP Fails at Recovering, Bears Eye $1 as Next Target

13 days ago

Key Support levels: $1; $0.96
Key Resistance level: $1.2
The market is thirsty for discounts, and XRP was not spared. After the drop from $1.2, the cryptocurrency found good support at $1. However, the bears do not seem satisfied, and they are attempting another push lower at the time of this writing. Should they be successful, the bulls have another line of defense at $0.96.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume has remained considerable since the drop in price, and any attempt from bulls to push XRP higher was swiftly rejected by bears that came in force to push the price back to $1 support.
RSI: The daily RSI has been falling for a while now, and the big question is if it can make a higher low. In such a scenario, the bulls may have a good

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Binance Coin Price Analysis: BNB Tumbles 10% Weekly, Is $500 The Next Bearish Target?

14 days ago

Key Support level: $516
Key Resistance level: $600 
After breaking from the blue pennant, BNB rallied almost 50%, but the momentum simply was not enough to take it above the all-time high. Bears stepped in before that and pushed the price below the support at $600 that is now acting as resistance. Should the price continue to fall, BNB might find good support at $516.
Chart by TradingViewTechnical Indicators
Trading Volume: The volume was strong when the support at $600 was broken. This indicates that the bears are in control of price, and the trend is bearish until BNB finds support again.
RSI: The RSI is in free fall on the daily timeframe after breaking above 70 points during the rally. However, on the 4-hour timeframe, the RSI is in the oversold territory and is trying

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Ripple Price Analysis: XRP Bears Poke Faces, Chart 10% Daily Loss

15 days ago

Key Support levels: $1
Key Resistance level: $1.2
Unfortunately, the bulls were unable to sustain the XRP price above $1.2, and it was pushed lower towards the support level at $1 during today’s market downturn. For this reason, the previous support at $1.2 has turned into resistance. $1 remains a strong level, and it would be quite surprising to see the price close below it in the near term.
Chart by TradingViewTechnical Indicators
Trading Volume: Volume increased on this drop to the $1 support level. This shows the bears are in control of the price action, but it seems unlikely they can push XRP below $1 as the bulls have defended this level quite well in the past.
RSI: Due to this most recent drop in price, the RSI has taken a nosedive, particularly on the 4-hour

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Avalanche Price Analysis: Despite Touching $100, Some Worrying Signs for AVAX Bulls

17 days ago

Avalanche (AVAX) surged to a new all-time high earlier today at $99.90, short of 10 cents from the $100 mark.  However, the price quickly retraced after losing 8% following the new high.
Key Support level: $78
Key Resistance level: $100 (ATH), $102
AVAX has been in a clear bullish trend for some time and has set a new all-time high today at just under $100. However, so far, the bullish momentum wasn’t able to surpass the milestone level, and today’s candle might end up with a long wick to the upside.
The critical resistance level lies at the $100 – $102 range. If bulls fail to close above the resistance, we can expect a retracement to the key support level around $78.

Despite the new record, there are first early signs of weakening of the bullish trend, as per the

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Ethereum Price Analysis: ETH Facing Key Support, Breakdown Might Lead to $4K Retest

17 days ago

Ethereum (ETH) had recently dropped below an ascending wedge formation, as shown in blue on the following chart, and since then lost its short-term bullish momentum. ETH is now facing crucial support level as described below.
Key Support levels: $4,354, $4K
Key Resistance levels: $4,689; $5,075
Over the past week, amid a new ATH for ETH, the bulls were unable to push the coin above the coveted $5,000 mark. The current ATH lies at $4,878 (recorded on Wednesday). Since then, the price is trading sideways and appears to consolidate just above the support at $4,354. The bullish case is that ETH will retest this support before being able to resume its multi-month uptrend.
This loss of momentum is not very concerning so long ETH does not drop below the key support and can be

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Crypto Price Analysis Nov-12: Ethereum, Ripple, Cardano, Binance Coin, and Polkadot

19 days ago

This week was very intense in terms of price action and we take a look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot.

Ethereum
Ethereum has set another all-time high this week at $4,868 and increased slightly.
ETH is currently sitting on a clear uptrend and has formed a large bearish wedge which appears to end just above $5,000 (in blue). This is also the place where ETH has key resistance at $5,075. Therefore, the current rally may be stopped by the bears at that level, even if temporary. If this scenario plays out, ETH might pull back towards $4,500 before the rally can continue.
This is also supported by the indicators, where the daily MACD did a bearish cross today. This is not good news for the bulls as it indicates the possibility of a correction in the

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Ethereum Price Analysis: ETH Consolidates Below $5K But a Bearish Divergence Looms

21 days ago

Key Support level: $4,354
Key Resistance level: $5,075
The momentum behind ETH remains very strong, which has pushed prices higher and higher. The expectation to see ETH at $5,000 is on everyone’s mind, and this price level is less than 5% from the current all-time high. This should be an easy target to reach for ETH considering the price action.
However, there are a few warning signs that the bears may prepare a trap for the bulls as they push the price to the current resistance at $5,075.
The bearish divergence forming on MACD and RSI seems to indicate that once ETH hits $5,000, the bears can jump in and pull it down in a more significant correction that can retest the current support at $4,354.
Chart by TradingViewETH Price Technical Indicators
Trading Volume: Sustained

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Litecoin Price Analysis: LTC Surges 20% Daily, Reaches Highest Price Since May

22 days ago

Key Support level: $236
Key Resistance level: $370
Litecoin has been consolidating since May, and the price started to increase slowly from July. However, in the past two days, LTC had a major breakthrough and started to increase. It surged by around 20% in 24 hours. It also set a 6-month high.
Litecoin also broke above the $236 resistance and turned it into support. Because of LTC’s lacking performance, the next major resistance can be measured at around $370, which is a long way from the current price and would definitely take sustained momentum from the bulls to get there.
Chart by TradingViewTechnical Indicators of LTC Price
Trading Volume: Good volume on this move. However, it’s important to be mindful of any exhaustion from the bulls as they’ve been pushing the price

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Shiba Inu Price Analysis: Dead Cat Bounce for SHIB as the Correction Continues

23 days ago

Key Support level: $0.000044; $0.000032
Key Resistance level: $0.000055; $0.000063
SHIB’s recovery from the drop last week was impressive, but bulls failed to push the price above the key resistance at $0.000063, and bears took control again, pushing it under $0.000055, which now also acts as resistance.
This leaves SHIB with the support found at $0.000044. If the bulls fail to step up soon, a retest of the support becomes likely. Failure to hold there and the next support will be found at $0.000032.
Chart by TradingViewTechnical Indicators of SHIB Price
Trading Volume: The volume on the bounce from support was very strong, unlike the current decline. This is usually bullish, but it’s too early to tell as bears can always return in force to take price back on support.
RSI:

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$5,000 Knocking on Door as ETH Sets New ATH (Ethereum Price Analysis)

23 days ago

Key Support level: $4,354
Key Resistance level: $5,075
After a short-lived correction last week, ETH found good support on the $4,354 level and rallied to set a new all-time high today. The weekend volume was low, but today, the bulls kept the price on the uptrend and pushed higher as bears seem to be absent from the market.
The key resistance at $5,075 remains the most likely battlefield for the next encounter between bulls and bears.
Chart by TradingViewETH Price Technical Indicators
Trading Volume: We saw a weak volume over the weekend. However, today, the bulls came in strong and pushed ETH much higher. This is an excellent momentum that might take ETH to $5,000.
RSI: The RSI continues to remain just under the 70 points level on the daily timeframe and may break above

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Ripple Price Analysis: XRP Rejected at $1.2 but Bullish Momentum Remains

25 days ago

Key Support levels: $1.13; $1.06
Key Resistance level: $1.2; $1.4
As predicted in our last analysis, XRP rallied to $1.2 but was then quickly rejected by the bears and pushed lower to the support at $1.13. This shows that the bulls still do not have enough strength to sustain a rally. For now, the support level holds and may lead to another attempt from bulls to break above $1.2. If successful, this can push XRP higher towards $1.4.
Chart by TradingViewTechnical Indicators
Trading Volume: The rejection by the bears at the $1.2 resistance was sharp. However, the volume is currently fading. Therefore the bears are losing interest at these price levels, and bulls may take over once more.
RSI: Despite the sharp rejection by the bears, the RSI managed to create a higher high on

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Shiba Inu Price Analysis: SHIB Bounces Up But What’s the Next Target for the Bulls?

25 days ago

Key Support level: $0.000055
Key Resistance level: $0.000063
SHIB recovered most of the losses from this past week with a 50% rally yesterday in a considerable price swing. However, the big question is if  SHIB made a lower high. At the time of this post, SHIB is still trying to move above the key resistance at $0.000063. A failure to close above it would confirm the lower high, and that would likely lead to bears taking control of the price again.
The price is currently holding well above the $0.000055 support level, but another break below that would encourage bears to push SHIB lower.
Chart by TradingViewTechnical Indicators of SHIB Price
Trading Volume: Strong volume brought SHIB back into the blue triangle, and now the fight is to maintain price inside it and attempt

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Binance Coin Price Analysis: BNB Breaks Above $600, Is ATH in Sight?

26 days ago

Key Support level: $516
Key Resistance level: $600; 692
BNB rallied over 10% today and broke the $600 level before being pushed back by the bears. The momentum remains very strong for BNB, and a test of the all-time high at $692 becomes more likely every day.
This surge follows a major break from the blue pennant, which was successfully tested as support. With a clear path higher, BNB is expected to be a top performer in the current bull market.
Chart by TradingViewTechnical Indicators of SHIB Price
Trading Volume: Strong volume sustained the price increase on this rally, and there are no signs of weakness yet. BNB might be able to continue higher before any significant pullback.
RSI: The RSI just broke above 70 points on the daily timeframe. There is still plenty of room

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Shiba Inu Price Analysis: SHIB Bloodbath With Another 20% Daily, When’s The Next Support?

27 days ago

Key Support level: $0.000047
Key Resistance level: $0.000054
SHIB’s bullish momentum has vanished and now the coin seems to be back to reality – a point that we discussed in the last analysis.
After SHIB broke below the descending triangle in blue, the selloff started and has not faded one bit since. It’s another day of major losses for SHIB holders as the coin drops a further 20%. The exit sign was given when the bottom of the triangle became resistance after being support in the past. As such, the new resistance at the time of this post is at $0.000054 and support at $0.000047.
Chart by TradingViewTechnical Indicators of SHIB Price
Trading Volume: Strong selloff on the breakdown below the triangle and volume remained formidable as the price dropped. This is bearish and

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