New Phase of Correction
Analysis of the SHIBA token indicates a correction phase following a rejection at a prominent resistance area (orange) and subsequent decline to a designated support zone (red). The market remains in a correction phase, with short-term growths considered temporary until a decisive break in the downtrend occurs.
4/16/20241 min read
The price of the SHIBA token faced a correction after reaching a significant and prominent resistance area, which is displayed in orange, and returned to the designated support zone marked in red.
However, this initial support was unable to prevent a further decline in price, and it appears that the price has entered a new phase of correction.
Currently, the market is still in a correction phase and the short-term growths observed during this period are only considered temporary. This situation will continue until the downtrend is decisively broken.