2026-03-01 16:57:20

$SHIB ‌ Inu looking a bit shaky here.

Everyone was waiting for that bounce but the price action is telling a different story right now. We are sitting right at 0.00000564 and it feels like it’s hanging by a thread.
If you look at the 1D chart, we just came off a lower high and the red candles are starting to stack up again. The volume isn't really showing any aggressive buyers stepping in yet.
The Levels
* Support: That 0.00000550 area is the last line of defense. If that snaps, it’s going to get ugly fast.
* Resistance: Need to see a daily close back above 0.00000620 to even start talking about a recovery.
Right now the order book is pretty balanced but the trend is clearly pointing down. I’m staying patient. No point in catching a falling knife until we see some actual exhaustion from the sellers.

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SHIB-5,38%

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