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Shiba Inu’s Price Volatility: A Test for the Meme Coin Community

Published 06/20/2024, 12:00 AM
Updated 06/20/2024, 12:45 AM
Shiba Inu’s Price Volatility: A Test for the Meme Coin Community
SHIB/USD
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  • Analyst identifies critical support levels at 0.00001781 USDT, pivotal for potential price rebound.
  • Technical indicators, including the 20-period SMA, highlight dynamic market trends and trading activity.
  • Recent resistance near 0.00001803 USDT poses a challenge amid SHIB’s price recovery efforts.

Crypto analyst SHIB KNIGHT recently shared a technical analysis of Shiba Inu (SHIB), highlighting key price movements, support and resistance levels, and indicators that could shape the popular meme coin’s short-term trajectory.

The latest analysis reveals a dynamic scenario for SHIB against USDT (Tether), showcasing recent price movements and technical indicators. At the time of the latest update, SHIB was priced at 0.00001815 USDT, marking a decrease of 0.00000119 USDT or 6.16%.

This follows a period of a downward trend observed in recent candlestick patterns, although a modest recovery has been noted. This data illustrates price levels ranging from 0.00001700 to 0.000020…

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