Outcome of this tussle could set tone for SHIB's short-term price direction
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Support levels are crucial in technical analysis as they represent price points where buying interest tends to be strong enough to prevent further declines.For SHIB, the 40 trillion token range has emerged as a critical support. If this support holds, it could serve as a foundation for a potential price rebound. Conversely, if it fails, SHIB could experience further downward pressure, possibly to $0.000014.
Currently, the market is witnessing a fierce battle between bulls and bears, each vying for control and attempting to push the price in their favor. Market sentiment is mixed, with some traders accumulating SHIB at current levels, while others might be selling to mitigate potential losses.The 40 trillion SHIB support level is currently in the spotlight as bulls and bears engage in a high-stakes tussle. The outcome of this battle could set the tone for SHIB’s short-term price direction.
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