SHIB Faces Selling Pressure Below Super Trend Support
SHIB / TetherUS BINANCE:SHIBUSDT
SHIB/USD is currently trading below its Super Trend Indicator on the daily chart, signaling a dominant bearish sentiment. The Super Trend line now forms dynamic support at $0.00001446, acting as a key level to watch for potential price reactions.
The Super Trend Indicator measures both the direction and strength of a trend, switching between green in an uptrend and red in a downtrend.
With SHIB trading beneath this line, the prevailing signal remains bearish, suggesting sellers maintain control in the market.
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