Shiba Inu (SHIB) may experience a 10.5% price correction as it struggles to break above a descending resistance trendline, maintaining a generally bearish outlook. Despite recent upward momentum pushing SHIB to $0.00000644, the meme coin faces potential downside pressure, targeting a support level around $0.00000545. If this "minor support" fails, the next significant demand zone could be near $0.00000507.
Market analysis indicates that SHIB's price action shows signs of weakness, with selling interest historically strong between $0.0000060 and $0.0000059. A decisive move above the resistance at $0.00000656 could challenge the bearish outlook, suggesting a possible bullish continuation. However, current conditions suggest caution as the market struggles to sustain momentum.
Shiba Inu Faces Potential 10.5% Price Correction Amid Bearish Trends
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