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Shiba Inu is defending key support- Are shorting gains limited?

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Shiba Inu [SHIB] strongly recovered after securing the $0.00001030 support.

At the time of writing, the meme coin’s price action was on the verge of a bullish crossover – a bullish signal that could push the recovery forward.

However, bulls must clear a key obstacle to advance the recovery efforts. Read Shiba Inu’s [SHIB] Price Prediction 2023-24 Bitcoin [BTC] reclaimed its local highs of $26K and could further boost SHIB’s recovery if the king coin doesn’t falter below the recent highs.

Source: SHIB/USDT on TradingView SHIB’s drop after price rejection at the key sell pressure zone below $0.00001200 was prevented by the $0.00001030 support.

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