Heavy decline in Shiba Inu (SHIB)!

Heavy decline in Shiba Inu (SHIB)!

shiberium’un Effect wears off, Shiba Inu (Shiva) shook its price, the popular memecoin has fallen by close to 10 percent in the past 24 hours.

shiberium Its rising price continues with the news Shiva, Recently fell and broke. Memocoin, which fell without touching a key resistance zone, became the third project of the day to lose the most value in the past 24 hours. How does technical analysis continue in SHIB, which has received feedback from the support received according to the current situation?

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Shiba Inu (SHIB) Technical Analysis

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SHIB, which broke the low of $0.00001044, directly tested $0.00000895. The fact that there have been buyers in this area over an extended time period has resulted in a slight increase in the price. But the threat from SHIB has not averted yet. The level that needs to be crossed to expect an uptrend is $0.000011004. After that, $0.00001074 and $0.00001159 can be targeted.

The absence of a revival of the Shiberium effect or an oscillation in BTC will continue to move the SHIB price. In such a scenario, the detectable support points are 0.00000895 – 0.00000844 – 0.00000774 and 0.00000751, respectively. Specifically, the price action between $0.00000895 – $0.00000877 will be decisive.

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