Viewpoint: SHIB coin price trend analysis

As reported by CryptoPotato, SHIB coin managed to stop its downward trend this week, and the price has been rising for the past seven days. Despite the pressure from sellers, SHIB coin has continued to trade sideways below the key resistance level of $0.0000025, with the price making higher lows and now looking determined to maintain this position.

If the sellers apply pressure again, this meme coin has good support at $0.000022. Momentum indicators show that the decision-making of market participants is unclear, and neither bulls nor bears seem to have the upper hand.

However, this situation may not last long. The daily MACD average is also flat, the histogram is close to the zero line, and the moving averages have no clear direction. It is important to wait and see what trend will form to determine the direction of the price.