Shiba Inu Price Analysis — September 16
Shiba Inu is on the verge of breaching the critical $0.0000113 mark, where the pivot base rests. The recent fall has driven the cryptocurrency to its lowest point since late July, as the crypto winter persists.
That said, a successful defense of this mark over the coming hours would stall the bearish trend seen this week. Such action will also highlight the resistive property of this mark, which should spark a rebound towards $0.0000130 for the meme coin.
Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000140, and my support levels are $0.0000110, $0.0000100, and $0.000090.
Total Market Capitalization: $949.1 billion
Shiba Inu Market Capitalization: $6.23 billion
Shiba Inu Dominance: 0.65%
Market Rank: #14
That said, a successful defense of this mark over the coming hours would stall the bearish trend seen this week. Such action will also highlight the resistive property of this mark, which should spark a rebound towards $0.0000130 for the meme coin.
Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000140, and my support levels are $0.0000110, $0.0000100, and $0.000090.
Total Market Capitalization: $949.1 billion
Shiba Inu Market Capitalization: $6.23 billion
Shiba Inu Dominance: 0.65%
Market Rank: #14
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