SHIB Price: Bearish Momentum Increases, Targeting Previous Low at $0.000010
Bears are dominating SHIB market, targeting previous low
SHIBUSD Price Analysis – September 28
An increase in the sellers’ momentum may break down $0.000010, $0.000009 levels and targeting previous low at $0.000008 may be tested. In case the buyers defend the support level of $0.000010, SHIB may reverse and penetrate $0.000011 upside, $0.000012 and $0.000013 may be reached.
Key levels:
Resistance levels: $0.000011, $0.000012, $0.000013
Support levels: $0.000010, $0.000009, $0.000008
SHIBUSD Long-term Trend: Bearish
On the daily chart, SHIBUSD is on the bearish movement. The formation of descending channel confirmed a bearish movement in the daily time frame. The crypto tried to break up the resistance level of $0.000011 on September 24 but the sellers opposed the movement. The sellers’ momentum increased and the price is reducing accordingly. The price is currently targeting the previous low at $0.000005 level.
The price is trading below the two EMAs as a … Read more