The price of Shiba Inu (SHIB) has fallen below the 21-day SMA, indicating a bearish trend. Despite a recent attempt by buyers to push the price higher, it failed to reach its previous high. However, if the price manages to stay above the 21-day SMA, there is a possibility of a rise and a retest of the recent high. On the other hand, if the bearish momentum continues and falls below the 21-day SMA, the altcoin may drop to a lower level above the 50-day SMA. Currently, the price of SHIB is hovering above the moving average lines.

Technical indicators suggest key resistance levels at $0.00001200, $0.00001300, and $0.00001400, while key support levels are at $0.00000600, $0.00000550, and $0.00000450. The recent rally of SHIB/USD is at risk as the altcoin falls below the 21-day SMA. If the current support holds, the market is expected to move between the 21-day SMA and resistance at $0.00001150. The presence of long candle tails pointing downwards indicates potential heavy buying pressure on the cryptocurrency.

It is important to note that this analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.