SHIB retreats to a familiar demand zone; Here’s what’s next

• SHIB retreated to a critical demand zone at $0.00000720 on the charts.
• A price reversal is likely despite the lack of buyers' leverage at press time.
• The H12 market structure is bearish, but if the Fed's decision on September 20th is positive, SHIB could defend the demand zone and rally.
• The critical potential resistance targets are $0.00000760, $0.00000779, and $0.00000785 - $0.00000824.
• Alternatively, a crack of the demand zone could force bulls to re-group at $0.00000698.
• The RSI remains below the median mark, indicating intense sell pressure since mid-August.
• The CMF has eased and wavered below zero, reinforcing a decline in capital inflows.
• Sellers still have market leverage, as confirmed by the CVD Spot data.
• The Accumulative Swing Index suggests a potential price reversal and trend change.
• Futures market data and Open Interest rates have increased, further supporting a likely price pivot to the upside.

The sentiment in the article is mixed. While there is a possibility of a price reversal and rally for SHIB, there are also indications of intense sell pressure and potential resistance levels.