The well -known assets based on the MI Shiba Eno are about to suffer a psychological and technical setback as it approaches a decisive turning point and is about to add zero to its price once again.
SHIB is currently trading at 0.00001079 dollars, at the latest important support level at $ 0.00001,000 after losing many important support areas. The gains can be erased during the previous few months due to a sharp decrease if the daily closure decreases to less than this level. From a technical perspective, the trend is clearly down. The continuous and long -term declining trend is confirmed by the descending slopes of the moving average 50, 100 and 200 days.
With a little reference to the reflection and high pressure pressure, the relative strength index index has decreased less than 40. A common indicator of buyer’s fatigue and the dominance of the bear is a decrease in size steadily. It faced any attempt to recover strong opposition, as shown by the decrease in taking price measures and normal rejection in the moving averages.
The majority of Shayb’s recent attempts to stability did not succeed, and there is no major evidence of a short -term shift in the direction in the absence of a strong upper stimulus. The mood of the investors is fragile. SHIB depends mainly on retail enthusiasm due to its noise -driven nature, which is currently decreasing with the decline in the market as a whole.
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The bullish settings in the short term are nullified through the lounge of less than $ 0.00001234, which is a strong support level, leaving the code vulnerable to free fall scenario. Unless buyers intervene strongly at the threshold of $ 0.00001,000, the SHIBA Inu value is now divided into a scope of $ 0.00001,000, which adds zero to its price mainly.
This will be a symbolic decline that can undermine the investor’s confidence and lead to more sale. Bulls are not supported by general preparation, but short -term optimism remains to be healing from the current levels. Unless there is a sharp increase in size or the reflection of the market that seems to stop the bleeding, investors must expect to increase fluctuations and be ready for more declines.
