news 
Shiba Inu (SHIB): Zero Removal Canceled, Bulls Are Here
Bullish sentiment has returned in time to prevent a worst-case scenario for the time being. As a result, SHIB has avoided a zero removal. The market’s ability to hold onto important territory and prevent additional losses effectively eliminates any short-term risk of adding a zero to the token’s price.
SHIB recently discovered support at $0.0000120 level, a crucial area that served as resistance in the rally’s early stages. The market’s capacity to draw in new buyers and maintain upward pressure will determine whether this stabilizing phase develops into a complete reversal.
According to the daily chart, SHIB is still trading below the 50-day EMA at $0.00001296 while the 100-day EMA is circling around $0.00001324. For bulls to regain full control, they must overcome a stacked set of resistances formed by the long-term 200-day EMA, which is higher at approximately $0.00001450.
Despite the recent failure in price action, SHIB has steadied itself amid weeks of selling pressure and an earlier unsuccessful attempt to break above the mentioned level, maintaining optimism for a potential recovery.
Source: u.today
