Today’s Shiba Inu price analysis is favorable since the $0.00006 mark should prevent further decline after a mild retracement from the $0.000077 mark. As a result, we may expect SHIB/USD to rise as a new high is established.
We expect a key resistance to be located at $0.00009, in which a break will open up SHIB/USD towards the 200 Day EMA located at $0.00015, from where we will likely see selling pressure take over.