- Shiba Inu Bulls tried and did not succeed in shifting in the momentum
- Liquidation Heat Tamap showed that a price current of 10% could occur next week
Shiba Inu’s [SHIB] The price fell by more than 8% and 10% in the last 24 hours in the last 7 days. In an analysis last week it was revealed that the $ 0.000012 support zone could probably see a price bouncing to the $ 0.000014 level or higher.
However, this did not pass. Instead, the $ 0.0000125 level was a short-term resistance that the Shib Bulls had difficulty passing by. This also meant that Bullish conviction was low and that further losses were on hands.
Analysts expect Q2 2025 an ideal time to collect altcoins. Given the consolidation in recent weeks, maybe long-term Shiba Inu investors have to create more tokens. Some volatility can be expected in the lower time frames in the short term.
Is this a buy option, or should traders stay on their guard?
Source: Shib/USDT on TradingView
In the past week, the Memecoin has traded within a range that extended from $ 0.000012 to $ 0.000013. During this time the RSI tried to scale the neutral 50 level on the 4-hour graph, but was not successful.
A few hours before the time before the press, Shib Bulls made another attempt to turn the momentum bullishs. They were confronted with failure. The middle reach level at $ 0.0000125 and the level of $ 0.0000124 have both served as a resistance.
The OBV was on a lateral trend and did not show a bullish or bearish dominance last week. As such, it can be expected that the range will continue. Some volatility in the short term is possible, but the trade volume has been quite low.
Although Shiba Inu was low in the short -term range, a price at the highlights may not be likely. The immediate resistance levels at $ 0.0000125 can probably prevent a jump. Traders can wait for a walk in trade volume to buy to buy.
A breakdown under range is also possible due to the low volume.
Finally, the liquidation heat folder of the past week roughly sketched the range. The liquidity bags to view would be $ 0.0000119 and $ 0.0000118, as well as $ 0.0000125 that mark the local highlights.
That is why it seemed likely at the time of writing that Shiba Inu would fall further in the coming hours before bouncing his reach heights. Swing traders can look to go for a long time, but must be extra careful with the risk of the position.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
