SHIB's Price Stability at 0.0000077 Despite Bullish Market: The Challenge of a Strong Supply Zone

• SHIB price continued to stabilize around 0.0000077despit  the fact that the overall market was bullish & one of the main reasons SHIB is not making significant progress in terms of price movement is that the current price of SHIB is trading around a strong supply zone.

Is Shiba Inu bullish or bearish?

• For now, I can't conclude if SHIB is bearish or bullish, before we can finally confirm if SHIB is bullish, the price must go above the barrier zone which is 0.0000077, anything around 0.0000085 is bullish for SHIB.
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What is the analysis of Shiba Inu?

• SHIB trend has been bearish for the past few months meaning the MEMES coin has seen massive selling pressure from the bears, current the price is back on the demand area giving investors the opportunity to load up, and hopefully, the price will return to the previous all-time high.
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Will SHIB recover?

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• Yes, Shiba will definitely recover from the bear's season, but don't forget the Dogecoin killer is one of the most popular MEMES coins out there with a large community, meaning there is nothing to worry about.