As seen in the above chart, the SHIB price has been facing massive upward pressure, which seems to have halted with the latest reversal. The CMF has plunged while the MACD is heading for a bullish crossover. These are the early signs of momentum recovery, but the underlying liquidity and buying strength are still fragile.
Therefore, the reversal attempts may face resistance until the CMF stabilizes. Hence, the levels are expected to remain consolidated between $0.00000814 and $0.00001081 until the market conditions improve.
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