SHIB / TetherUS

Shiba Inu Price Analysis — June 22

Shiba Inu enjoyed a near 50% rally yesterday after tapping the $0.0000120 level for the first time since May 31. However, the meme token lacked the composure to sustain this rally and recorded a reversal near the $0.0000090, where it found some support from the 4-hour 100 EMA.

SHIB currently sits atop the $0.0000100 mark as the remaining bulls try to push it towards the $0.0000120 level again. With the mild bullish sentiment sweeping across the broader market, the meme token is likely to return to the mentioned top in the coming days.

Meanwhile, my resistance levels are $0.0000120, $0.0000130, and $0.0000150, and my support levels are $0.0000090, $0.0000080, and $0.0000070.

Total Market Capitalization: $893.4 billion

Shiba Inu Market Capitalization: $5.5 billion

Shiba Inu Dominance: 0.62%

Market Rank: #14

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