πŸš€ Shiba Inu price analysis- Cointelegraph

Irma - Aug 7 - - Dev Community

πŸ“ˆ Support Rebound
Shiba Inu rebounded from strong support at $0.000010 on August 5, showing solid buying interest. The recovery could approach the moving averages, where bears are expected to defend strongly.

πŸ”½ Bearish Risk
If the price drops sharply from the moving averages, it suggests bears are selling on rallies, increasing the likelihood of a drop below $0.000010.

πŸš€ Bullish Opportunity
If buyers push the price above the moving averages, it could signal the end of the downtrend, with the SHIB/USDT pair potentially climbing to $0.000020.

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