Shiba Inu remains bullish on higher timeframes, but a pullback appears likely.
Key Support levels: $0.0000077
Key Resistance levels: $0.0000084
1. Momentum Remains Bullish
On the three-day timeframe, SHIB continues to make higher highs and shows a clear bullish bias. However, it appears that a re-test of the current support at $0.0000077 is likely.
Chart by TradingView.## 2. Volume Falling
With a falling volume, the probability of a short pullback is high. This is why a test of the key support seems more likely at this time than a continuation of the price to the resistance at $0.0000084.
Chart by TradingView.## 3. RSI Lower High
The daily RSI has made a lower high which shows that SHIB may have reached a local top at the time of this post. If confirmed, then the price is likely to test the key support in the next few days.
Chart by TradingView.## Bias
The bias for SHIB is bullish.
Short-Term Prediction for SHIB Price
As long as the key support at $0.0000077 holds, then this meme coin can still move higher after the pullback is completed.
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