Shiba Inu Price Bounces at Support Level, But Needs to Hold to Avoid Further Drops
-
Shiba Inu (SHIB) price bounced at previous resistance level of $0.0000092 on January 8 after falling below support.
-
Bounce saved breakdown and shows bullish signs, but price needs to stay above $0.0000092 or risk further drops.
-
Weekly RSI above 50 signals upside momentum remains.
-
If SHIB holds $0.0000092, price could rally 27% to $0.0000123 resistance.
-
Despite bounce, close below $0.0000092 would invalidate and could see 22% fall to $0.0000077 support.