Shiba Inu burned 8.8M SHIB last week, while exchange reserves fell to their lowest since 2023. This suggests accumulation, reducing sell pressure. Price is testing support at 0.00001168.
Key Levels
• Resistance: 0.00001269, 0.00001278 (100MA), 0.00001295 (200MA)
• Support: 0.00001168, 0.00001129
Indicators
MACD still negative but shows narrowing gap → seller pressure weakening.
Trading Scenarios
📈 Long above 0.00001269 → 0.00001295 (SL: 0.00001150)
📉 Short below 0.00001168 → 0.00001129 (SL: 0.00001220)
⸻
Key Levels
• Resistance: 0.00001269, 0.00001278 (100MA), 0.00001295 (200MA)
• Support: 0.00001168, 0.00001129
Indicators
MACD still negative but shows narrowing gap → seller pressure weakening.
Trading Scenarios
📈 Long above 0.00001269 → 0.00001295 (SL: 0.00001150)
📉 Short below 0.00001168 → 0.00001129 (SL: 0.00001220)
⸻
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.