Can Shiba Inu defend the two-month low after recent selling pressure
Tecnología Can Shiba Inu defend the two-month low after recent selling pressure Shiba Inu faced rejection at the 4-hour bearish breaker in the $0.000012 region. The bulls have consistently failed in their attempts to flip this region from resistance to support over the past two months. Lea la predicción de precios [SHIB] de Shiba Inu para 2023-24 A few hours before press time, Bitcoin saw a small bounce in prices from $27.2k to $27.8k. So far, this was a classic retest of former support as resistance, and more lows were likely. The same held true for Shiba Inu as well. Fuente: SHIB / USDT en TradingView The region highlighted in deep red was a bearish breaker on the 4-hour chart that SHIB has been unable to beat since 8 March. SHIB ranged within the two levels of support and resistance at $0.00001 and $0.0000117. The Volume Profile Visible Range tool showed the Value Area High (VAH) and Value Area Low (VAL) were close to these two levels. The VAH coincided with the aforementioned resistance. The VAL was at $0.00001019, and the Point of Control was at $0.00001094. The RSI was deep in bearish territory and showed a downtrend in progress. The market structure was also bearish after the