Shiba Inu Price Prediction: SHIB Extends Consolidation as Short-Term Momentum Cools
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- SHIB consolidates above the 200 EMA as short-term weakness tests bullish conviction
- Failure to hold $0.00000850 could expose SHIB to deeper Fibonacci downside pressure
- Derivatives activity rises without spot confirmation, keeping SHIB range-bound trading
Shiba Inu price action shows clear signs of consolidation after a sharp rally earlier this month. The SHIB/USD pair has shifted into a corrective phase, reflecting cooling momentum across the broader meme coin market.
After reaching a local peak near $0.00001000, price began forming lower highs on the 4-hour chart. Consequently, traders now monitor whether this pullback represents healthy consolidation or the start of deeper downside pressure.
Besides short-term weakness, SHIB continues trading above its long-term trend support. The 200-period exponential moving average near $0.00000810 remains intact. Hence, t…
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Shiba Inu Price Prediction: SHIB Extends Consolidation as Short-Term Momentum Cools
Share:
- SHIB consolidates above the 200 EMA as short-term weakness tests bullish conviction
- Failure to hold $0.00000850 could expose SHIB to deeper Fibonacci downside pressure
- Derivatives activity rises without spot confirmation, keeping SHIB range-bound trading
Shiba Inu price action shows clear signs of consolidation after a sharp rally earlier this month. The SHIB/USD pair has shifted into a corrective phase, reflecting cooling momentum across the broader meme coin market.
After reaching a local peak near $0.00001000, price began forming lower highs on the 4-hour chart. Consequently, traders now monitor whether this pullback represents healthy consolidation or the start of deeper downside pressure.
Besides short-term weakness, SHIB continues trading above its long-term trend support. The 200-period exponential moving average near $0.00000810 remains intact. Hence, t…
Read The Full Article Shiba Inu Price Prediction: SHIB Extends Consolidation as Short-Term Momentum Cools On Coin Edition.
In This News
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In This News
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