$SHIB
🚨Shiba Inu’s short-term gains fuel consolidation🚨
Shiba Inu recovers over 1% at the time of writing on Friday, consolidating below the 50-day EMA at $0.00000829. SHIB hovers above the $0.00000755 support marked by the November 21 low.
If SHIB drops below this level, it would threaten the $0.00000678 low from October 10, risking a fresh low.
The RSI is at 45 on the daily chart, below the halfway line, with further downside room, reflecting bearish potential. The MACD extends the decline below the zero line, signaling intense bearish momentum.
Looking up, the 50-day, 100-day, and 200-day EMAs at $0.00000829, $0.00000892, and $0.00001028, respectively, would likely cap short-term recoveries in SHIB.
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