SHIB suffered a steep decline from the $0.0000286 top on March 1 to the $0.0000230 low last Friday, as the markets swayed to the impact of macroeconomic factors. The meme coin later staged a bullish come-back to the $0.0000250 resistance, but, alas, it was only a bull trap as it fell to the $0.0000226 low.

SHIB has since battled with this support and currently fixes for a rebound higher. Notably, the rebound appears to align with my ascending trendline as the $0.0000250 resistance area comes into focus.

Meanwhile, my resistance levels are $0.0000250, $0.0000260, and $0.0000275, and my support levels are $0.0000225, $0.0000220, and $0.0000200.

Total Market Capitalization: $1.72 trillion

Shiba Inu Market Capitalization: $12.6 billion

Shiba Inu Dominance: 0.73%

Market Rank: #15