SHIB eased to its December lows and could falter at the range low if BTC weakens further.
Despite the Crypto Fear and Greed
In addition, the On-Balance Volume dipped further, suggesting a limited demand and trading volumes for a strong rebound capable of smashing the range low of $0.00000833. Since 8 May, SHIB oscillated between $0.00000833 and $0.00000911 but breached the range after the US SEC-Binance lawsuit. A negative price reaction from this level could set SHIB to retrace to lower support levels of $0.00000748 and $0.00000698. These levels can act as short-selling targets in such a downswing scenario.
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