Principal Support Levels: $0.0000090 and $0.0000080

Important Resistance Levels: $0.00000010

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Urgent Reversal
Following a brief period at $0.000011, the price reversed direction. In the past five days, sellers have dominated the price action, pushing SHIB back below the present level of resistance at $0.000010 per share.

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2. Critical Assistance

The support at $0.0000090 must hold because the alternative for SHIB is quite bleak. The last time the price challenged the apex of this wedge, a bullish price movement ensued. If this fails, the value of this meme coin will drop further.

Cross Bearish on MACD

After the moving averages completed a bearish cross, the daily MACD is displaying a strong sell signal. This could be the beginning of a protracted decline, and SHIB may revisit lower levels before finding solid support.

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Bearish is the inclination for SHIB.
Short-Term Price Forecast for SHIB

See if the support level of $0.0000090 holds. Alternatively, anticipate $0.0000080. If the current support is breached, the adverse momentum could intensify, resulting in a rapid decline for SHIB.