The most-watched token nowadays seems to have faded nowadays as the positive market sentiments fail to uplift the Shiba Inu price above $0.00000700 levels. Following an intense sell-off which resulted in the price slash below $0.00000600 levels, a consecutive uptrend was restricted. However, a huge room and wider prospects still await the SHIB price to range high.
Currently, the price is ranging on the resistance flipped to support levels around, $0.00000656 and attempting hard to sustain. Yet the bears appear to try hard to take back the control as pretty huge sell-offs made their way after the breakout. However, the possibility of a 20% upswing still prevails in the rally.
Both the buying and selling pressure is going hand in hand and due to which it’s becoming quite troublesome for the price to sustain. However, the price still broke the upper barrier effectively at $0.00000662 and unfortunately revisiting the same. The price currently needs to bounce back well and smash the resistance levels at $0.00000688. And hence a substantial uptrend may come into effect.
On the other hand, the Shiba Inu price still failed to reach $0.000007 levels despite multiple attempts. These levels are currently among the pivotal levels to determine a bull run and hence slicing through these levels is mandatory. Failing to which the rally could lose bullish momentum and fall within the bearish trap. Yet the possibilities of an uptrend appear high compared to that of a downtrend.