Shiba Inu Dey Test Key Support Amid Risk of 50% Drop or Relief Rally
Shiba Inu (SHIB) dey trade near critical support of $0.00001064 after e fail to reclaim $0.00001400 for mid-May. Daily Heikin Ashi candles show say seller still get upper hand, while RSI dey 40.11—bearish but e never reach oversold yet—fit mean say prices fit still fall. If price close below $0.00001064 for daily level, e fit make e test $0.00000986 and possibly $0.00000800, where big market volume dey. If e break above $0.00001200 and RSI climb pass 50, e fit trigger small relief rally go $0.00001380. Even with fear say e fit crash zero, SHIB market cap of $6 billion plus strong trading volume make total crash no too likely. Traders suppose dey watch support for $0.00001064 and resistance for $0.00001200, dey monitor RSI and whale activity, plus consider general market sentiment to know which way e go short-term.
Bearish
Shiba Inu dey hover for one important support level with bearish RSI readings and volume dey go down, wey mean say buyer interest dey weak and e get higher chance say e go fall more to lower volume buckets. Even though if e break pass $0.00001200 fit make relief rally start, di current technical setup and how people feel show say short-term selling pressure dey. Long-term collapse no too dey possible because SHIB get big market cap and trading liquidity, but traders suppose prepare for more volatility and possible pullbacks before any steady recovery.