SHIB/USDT Shiba Inu ( SHIB tickers down $0.00 ) turned down sharply from the 20-day EMA ($0.000011) on Oct. 10 and slipped below the immediate support at $0.000010 on Oct. 11.
A minor positive is that lower levels attracted buying.
Source: TradingView The 20-day EMA is sloping down and the RSI is in the negative territory, indicating advantage to bears.
The current rebound could again face strong selling at the 20-day EMA.
If the price turns down from this resistance, the possibility of a break below $0.000010 increases.
The SHIB/USDT pair could then start its decline toward $0.000007.
Source - Coin Telegraph
#Shiba Inu