Shiba Inu (SHIB), Dogecoin (DOGE), XRP and Binance Coin (BNB) Price Analysis for Oct. 24: Can Bullish Pace Be Preserved?
Photo: U.Today
Shiba Inu (SHIB) continues to face bearish pressure on the daily chart , with the token trading near $0.00000508 after failing to preserve its recent recovery. The broader market structure remains vulnerable, characterized by lower highs and persistent resistance from important moving averages. The immediate resistance zone lies between $0.00000530 and $0.00000550, where several short-term moving averages converge. A sustained breakout above this area could encourage buyers to challenge $0.00000580, followed by the psychologically crucial $0.00000600 level. However, the descending long-term moving average continues to reinforce the wider bearish outlook. On the downside, $0.00000500 represents immediate psychological support .
Source: U.Today
