On Thursday, the price of #Shiba Inu (SHIB) declined following the general #cryptocurrency market and is under pressure from the red downward trend line that formed on April 1. Since then, we have seen two pullbacks down, but if you look at it from the other side, the green upward trend line, which is currently undergoing only one test, compresses buyers and sellers to each other with lower highs and upper lows. Thus, the price of #SHIB is in a state of explosive cocktail, when buyers and sellers are so close to each other that a simple catalyst is enough to ignite the price of SHIB for a sharp rise or fall. In case of an upward jerk, the price of SHIB should rise above $0.00002550 to $0.00002800, regaining 15% of the value. As with any catalyst, it can cause movement in the opposite direction. In this scenario, the SHIB will fall to $0.00002350, and possibly lower to $0.00002250.
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