The SHIB price after sliding down from the pivotal resistance between $0.00001913 and $0.00002050, dropped very hard which was later fueled by multiple external factors.
Currently, after the recent steep drop, the prices are swinging within a more descending, symmetrical triangle. And hence a breakdown may be fast approaching below $0.00001 levels as the rally is more lenient towards the lower support.
Therefore, the price which is currently swinging within the pattern is required to ignite a rebound. Else the SHIB price is primed to reach the bottoms below $0.0000100 or in an extreme bearish case, the price could even revisit the lowermost support around $0.00000500.
In other cases, if the price rebounds, it may reach again to the levels close to $0.0000200 but eventually could again face a rejection to hit back to the same bottoms ahead
Currently, after the recent steep drop, the prices are swinging within a more descending, symmetrical triangle. And hence a breakdown may be fast approaching below $0.00001 levels as the rally is more lenient towards the lower support.
Therefore, the price which is currently swinging within the pattern is required to ignite a rebound. Else the SHIB price is primed to reach the bottoms below $0.0000100 or in an extreme bearish case, the price could even revisit the lowermost support around $0.00000500.
In other cases, if the price rebounds, it may reach again to the levels close to $0.0000200 but eventually could again face a rejection to hit back to the same bottoms ahead