has dropped by 11.65%, and the downtrend continues with a 2.11% decrease in the past 24 hours alone, signaling a lack of market interest to push its price higher.
Resistance zones typically trigger selling pressure, pushing prices lower. The question now is whether market momentum will align with the usual outcomes expected from these zones. Should this occur, the SHIB will drop back to 0.00001602 or further lower.However, breaking through this barrier could pave the way for SHIB to reach higher targets, setting its sights on a short-term goal of 0.00002169 and a more ambitious long-term target of 0.00002945.
Moreover, current open interest indicators suggest a predominance of sellers over buyers, exerting further downward pressure on SHIB’s price.