After the declines and rises in the cryptocurrency market Shiba Inu price set the $0.000024 and $0.000025 levels as target points. One of the key details that will increase the bullish sentiment is that the SHIB price reaches somewhere in this range and then maintains this region for a while.
As we reported as Koinfinans.com, reaching this price range earlier, according to the SHIB chart, increases its importance. Areas like this tend to see buy orders piling up.
If the Shiba Inu price remains at these levels, it will show its strength and attract the attention of investors. Since this level has acted like a springboard for the price in the past, pushing it upwards, it means there is a high probability that the price will bounce back.
In conclusion, it is possible to state that $0.000024 is critical for the future price movement of SHIB. If the price can stay above this range, the probability of seeing a proper recovery will also increase. Another key level is $0.000022, which coincides with the 50 EMA. However, if the price falls below these support levels, investors may need to look for the next support at a lower point, around psychological thresholds around $0.00002.
For this to happen, it is important that it not only reaches the support level, but also attracts enough buyers to push the price back up. cryptocurrency The overall sentiment in the market will be a very important factor in the recovery of the Shiba Inu price.
