Today's Top Headlines Cover Analyses of Shiba Inu (SHIB) Price Trends

Today's top headlines cover analyses of Shiba Inu (SHIB) price trends, a botched crypto deal in Jeju City leading to the murder of a Chinese investor

Today's crypto news: Shiba Inu (SHIB) faces key support levels as analysts diverge on coin's potential.

Shiba Inu (SHIB) price is showing some resilience at a critical support level, according to recent technical analysis from two analysts.

However, their outlooks diverge on whether the new SHIB bull cycle will continue.

Shiba Inu Price Analysis: Key Support Levels and Potential Trends

Analyst BlueCrypto identifies two key price points for SHIB. He reports that the candle has sustained local support at $0.00001345, which could be crucial for SHIB to maintain.

However, BlueCrypto notes that a higher level of support is needed for the price to recover and generate upward momentum.

He adds that SHIB could face bearish reversal if it fails to hold the new local support at $0.00001465.

Meanwhile, Crypto Sheriff highlights the potential for SHIB to enter a new uptrend.

He suggests that the price could breakout from the resistance zone at $0.000015, kicking off a rally to the next resistance at $0.000016.

A successful breakout above $0.000015 could propel SHIB significantly higher.

Shiba Inu Price Analysis: Key Support Levels and Potential Trends

Recent technical analysis pinpoints important price levels for Shiba Inu (SHIB). Analyst BlueCrypto reports that SHIB has sustained local support at $0.001345.

However, a higher level of support is needed for the price to recover and generate upward momentum.

Failure to hold the new local support at $0.001465 could lead to a bearish reversal. Conversely, Crypto Sheriff believes SHIB could enter a new uptrend.

Following a potential breakout from the resistance zone at $0.0015, which could propel SHIB toward the next resistance at $0.0016.

Shiba Inu Price Analysis: Key Support Levels and Potential Trends

Recent technical analysis pinpoints important price levels for Shiba Inu (SHIB). Analyst BlueCrypto reports that SHIB has sustained local support at $0.001345.

However, a higher level of support is needed for the price to recover and generate upward momentum.

Failure to hold the new local support at $0.001465 could lead to a bearish reversal. Conversely, Crypto Sheriff believes SHIB could enter a new uptrend.

Following a potential breakout from the