Shayba Ino faces a landmark .. Does the price collapse under $ 0.000013?

The Shayba Ino coin increased during July by more than 25%, making it one of the most prominent currencies in the digital currency market for this month.

With this strong performance, positive expectations began to appear, as some believe that the price may re -test its highest annual levels, but in return not everyone feels this optimism, as one of the analysts warned of a potential declining reflection that may push the price below again.

A critical resistance area indicates the possibility of landing

According to an analysis posted on the “Trading Vio” platform, an analyst known as a pseudonym pointed out that the current price of Jiba Eno is facing very important resistance, the time of the analysis was the price at 0.000014 dollars, heading towards resistance at the level of 0.00001432 dollars.

This point is considered one of the most difficult barriers that the price may face, as it is usually active by sales forces or what is known as sellers or “bears”.

The analysis indicates that the approach of the price to this area can lead to a declining bounce, and the likely script is the price failure to overcome the resistance, which will lead to a temporary bounce up and then a gradual decline towards previous support levels.

Expectations to return to 0.00001299 dollars

Depending on the two -hour timeline, the analyst expects that Shaiba Ino will return to the level of 0.00001299 dollars, where there is a potential support zone that can temporarily stop the decline, and this analysis suggests that the descending movement may be short -term but strong enough to change the market mood.

Alternative scenario .. Horring resistance turns the equation

In the event that Shiba Eno is able to successfully penetrate the level of resistance, all these negative expectations may be canceled, as the continuation of the upward trend in the market may push the price towards higher levels, and restore the confidence of traders in the short term in the short term.

Weakness in trading size raises anxiety

Despite the recent uproar over the performance of Sheba Ino, the trading volume remained relatively low, which indicates the lack of the attention of traders, and despite its slightly improvement during July compared to Pionio, the daily average remained at about $ 180 million, a number that is considered low compared to peak periods.

Other indicators such as Open Interest returned to a decrease below $ 300 million, which reflects the continued decline in the interest of investors in the currency.

It appears that many traders have turned their attention to new MIM coins in search of faster profit opportunities, which may keep the Shiba Eno’s performance in a tight range for a longer period.