Shiba Inu Price Falls 12% After Rejection From Key Resistance

SHIB faces strong rejection near $0.00001558, risking a drop below key support. Bearish momentum dominates as SHIB trades near $0.00001328 with weak buyer conviction. Lunar cycle suggests a potential SHIB rebound in mid-August before a fall rally. Shiba Inu (SHIB) continues to face mounting pressure as market sentiment turns cautious. Following a sharp rejection near the $0.00001558 resistance level, SHIB has now dipped to $0.00001330 , marking a significant 11.91% drop over the past 24 hours. The recent price action suggests fading bullish strength, especially as the token hovers just above a vital support zone at $0.00001328. With over $556 million in daily trading volume, the activity remains high, but the direction leans bearish. SHIB’s consolidation phase appears to be extending, raising concerns about a deeper correction if support fails to hold. SHIB now testing a critical support level SHIB’s daily chart shows clear signs of consolidation after a failed attempt to breach the $0.00001558 resistance. According to SHIB KNIGHT, the recent bearish candle confirms a strong rejection and fading bullish momentum. Bulls now face the challenge of … The post Shiba Inu Price Falls 12% After Rejection From Key Resistance appeared first on Coin Edition .

Source: Coin Edition