📰 Cryptocurrency news: SHIB could be about to make a big move? 3 things to watch this week (Shiba Inu Price Analysis)

1. Ongoing consolidation process:

- SHIB price has been stable over the past two weeks, fluctuating in a narrow range between key support and resistance levels.

- The $0.0000070 support level has held since early September, sending SHIB into a consolidation phase.

2. When will volatility return?

- When SHIB prices consolidate for a period of time, there is often a sudden and sharp end, bringing more volatility.

- Current prices may not be able to hold SHIB when this happens. A test of a key support level could be a signal for this.

3. The Big Dipper lost momentum:

- Daily MACD created a bullish cross in mid-September, but buying pressure declined and failed to break the $0.0000075 resistance.

- Since then, the MACD histogram has produced lower highs, which can be interpreted as slightly bearish.

🌟 SHIB's trend is neutral. Short-term prediction for SHIB price: Shiba Inu could soon retest key support. As long as it holds, consolidation will continue. However, if the price escapes this range, attention will return to SHIB very quickly.