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Intriguing silence on Shiba Inu (SHIB)!
Shiba Inu (SHIB**), one of the stars of memecoins, is gradually increasing expectations with its sideways price movements.
Although it is not as popular as it used to be, SHIB, which still has a large investor, has been on the agenda with sideways price movement for a while. In general, the SHIB, which cannot show its power due to the fact that dog memecoins remain in the background, are increasing expectations day by day. In addition to these, the fact that Elon Musk, one of the leading names in the industry, has not supported memecoins for a while continues to undermine memecoins, albeit not directly.
He hasn't been able to shake off the sales pressure!
The SHIB, which has been pricing to the downside since it hit $0.00001194, is in the buffer zone. The popular coin, which retreated after failing to overcome an important resistance, is currently trading at $0.00000958. Factors such as the re-trend of dog coins, Elon Musk's posts about this area, or Ethereum taking flight could bring the SHIB price to $0.0000101010 – 0.00001076 – 0.00001159 and $0.00001194, respectively.
In a scenario where the memecoin winds continue to blow on Solana, the sharp decline of BTC, or the BTC dominance moves to the upside, a very effective performance from SHIB may not be expected. In such a process, the support levels that can be followed for possible pullbacks will be 0.00000891 – 0.00000844 – 0.00000799 – 0.00000751 and 0.00000700 dollars, respectively. A break of $0.00000700 could lead to a new short/medium-term low.