Shiba Inu (SHIB) is on the verge of testing a key support level at $0.000019, marking a critical moment for its price action. This level coincides with October 2024 lows, making it a crucial point for traders watching SHIB’s next move.
Bearish Signals Weigh on SHIB
Currently, SHIB is trading below the 200 EMA, indicating weak bullish momentum. A lack of significant volume and volatility has further hindered its price recovery, discouraging investors seeking quick gains. If SHIB fails to hold the $0.000019 level, it could trigger a deeper sell-off, pushing prices down to $0.000015 or even $0