The price of Shiba Inu is stabilizing, the market may be facing major turbulence

According to CryptoPotato, Shiba Inu is currently showing a stable trend, but this could be the calm before the storm. Key support level: $0.0000087, key resistance level: $0.0000095. Over the past two weeks, SHIB price has been consolidating between key levels. Currently, the support at $0.000087 is holding well and buyers may attempt to challenge the resistance at $0.0000095 in the near future.

 

Since its recent high point in December, Shiba Inu's trading volume has been declining steadily. Recently volatility has also significantly decreased with almost no significant fluctuations which might indicate that pressure is building up for a major change in future.The MACD histogram on daily time frame remains steady which was expected considering that price has been consolidating for some time now.However,the bullish crossover of MACD moving averages towards end of January is a positive signal for buyers.SHIB's bias remains neutral.In short term,a return of buying volume would be needed for SHIB prices to rise.Until then,this consolidation phase might continue.