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Cryptopotato

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Image Credit: Cryptopotato

Shiba Inu (SHIB) Price Predictions for This Week

  • SHIB price remains in a downtrend with key support levels at $0.0000107 and resistance levels at $0.000014.
  • Sellers dominate as SHIB's price closed in red for the past five weeks, failing to break the resistance at $0.000014.
  • Momentum is lacking as the weekly MACD shows a flat histogram, indicating no clear trend, potentially forming a bottom for a future uptrend.
  • Volume has crashed since March 2024, signaling lower market participation and hindering the possibility of a reversal.

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