SHIB Coaster Continues After Daily Plunge Of 25%, What Next? (Shiba Inu price analysis)

                                                            <strong>Schlüsselunterstützungsebene:</strong> $0,000013

Key Resistance Level: $0.000017

SHIB crashed hard yesterday during the market panic, with the price losing 26% in one day. This was triggered by the loss of support at $0.000017, which is now as Resistance acts. In doing so, SHIB has spotted some relief at the $0.000013 level.
Chart from TradingView

Technical indicators

trading volume: The volume exploded in yesterday’s crash and remains high. It’s best to prepare for more volatility this week.

RSI: The daily RSI fell into oversold territory at 21 points and has now risen to 38. Until it hits 50 points or makes a bullish divergence, it’s difficult to be positive.

MACD: Daily MACD is bearish and histogram made a lower low yesterday. As long as this continues, the trend will remain bearish.
Chart from TradingView

bias

The trend towards SHIB is declining.

Short term prediction for SHIB price

While this recent bounce is impressive, SHIB needs to break key resistance and rally higher to sustain any potential recovery. If it can scale above $0.000017 and then $0.000020, the outlook will improve significantly.