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Shiba Inu (SHIB) continues its search for a bottom after a downtrend on the daily chart and is currently trading at approximately $0.00000463. Influenced by the recent pullback in the overall cryptocurrency market, SHIB has lost approximately 20% of its value in dollar terms over the past month and around 10% over the past week. The daily technical outlook and critical levels are as follows:
📊 Technical Levels & Pivot Points
Support and resistance levels to watch based on daily closing prices:
Pivot Point (PP): $0.00000468 (Sustained levels below this may increase pressure)
Support Levels: * S1: $0.00000460
S2 (Critical Low): $0.00000431 (Recent low, a strong demand zone)
Resistance Levels:
R1: $0.00000473
R2: $0.00000481 (Daily closing above this resistance is necessary for the uptrend to gain momentum)