SHIB/USDT: Bearish Momentum Builds Below Key Resistance
SHIB / TetherUS BINANCE:SHIBUSDT
SHIB/USDT has rejected resistance at 0.00001361, extending its bearish momentum back into the 0.00001230 support zone. Price action is developing a corrective structure within the channel, following a failed breakout attempt.
If the 0.00001230 support level breaks, the next downside target is around 0.00001100, where a potential buying area sits. Broader momentum remains bearish, with sellers in control as long as resistance continues to cap rallies.
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