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TronWeekly

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SHIB Slides Below Key Averages, Eyes Critical Support at $0.00001408

  • Shiba Inu (SHIB) is trading at $0.00001470, reflecting a 1.30% decline in the past 24 hours and struggling to hold above key moving averages.
  • The price failed to maintain momentum at $0.00001577 and is now nearing support at $0.00001408.
  • RSI has dipped to 45.54, indicating weakening buying pressure, and MACD is close to a bearish crossover, signaling potential further downside.
  • SHIB faces downside risk if $0.00001408 support breaks, with momentum indicators suggesting a bearish outlook.

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