SHIB Price Prediction: Shiba Inu remains indecisive, trapped between significant barriers – FXStreet

• SHIB price is trading in a tight range between a supply barrier and the 200 four-hour SMA.
• A potential upswing will face overwhelming pressure by the 50 and 100 four-hour SMAs.
• A breakdown of $0.00000654 will invalidate the bullish thesis and signal the start of a steep downtrend.

SHIB price recovery, unlike most altcoins, has been slow, signaling weak buying pressure. Even as Shiba Inu tries to head higher, it will face a wide area of support flipped to resistance after the recent flash crash on Wednesday.
…

Click here to view the original article.