Prediction of shiba inu price – overturning this level could change the bias of the market

• Shiba Inu fell below the VRVP area
• The $ 0.00002 level is a key resistance zone, and the bulls have to regain it before long -term bias can be switched

The second largest memecoin per market cap, Shiba Inu (Shib) has dropped almost 30% of its value in the last month. It could not be retained on the formation of the range from the beginning of January, and in the printing time, its decline continued.

At the time of writing, the volume indicators showed that a $ 0.00002 resistance zone would be key to his bull’s efforts. Although the momentum was serious against Shib Bulls, the mood throughout the market was weak.

Key to deal with Shib Inu’s troubles

Source: Shib/USDT on TraringView

The fall below 61.8% of Fibonacci’s diverting in mid -December was Domino that began a fall. Memecoins ran in November in November, but by December they were completed by a mini-altes.

Region of $ 0.0022, bikovo order block from September, was re -tested as resistance 31 January. Since then, Shib has fallen by another 23%on the ladder. However, CMF flashed a slightly hope signal. He had a reading +0.02 at the time of the press, after spending the second half of January below -0.05.

CMF -O’s rise can be a sign that capital outflows slow down from the market, although they are not strongly lush yet.

The Volume Volume Profile also emphasized the importance of 0.00002 USD-zone, forming the lower limit of the value area.

Source: Singlent

Usually in the crypto market, where attention goes, money flows. Social volume falls since the beginning of December, when Memecoin Euphoria lost adhesion. Permanent losses were pushed by a short -term mvrv to a negative territory.

Realistically or not, here’s a shib market caps in BTC’s conditions

On the other hand, the middle age of coins is the third larger in the last month. Together with Mvrv, he underlined the possibility of buying- the buildup increased, while the short-term owners faced losses.

Technical analysis has shown that again testing of $ 0.0000128 will be an opportunity to buy. Alternatively, a $ 0.00002 zone that turns to support would also offer some hope.

Representation of Liability Revenue: The presented data does not represent financial, investment, trading or other types of advice and are exclusively a printer opinion