Shiba Inu has difficulty maintaining critical support levels, which endangered the origin of a catastrophic breakdown. SHIB is now trading at $ 0.00001326, after more than 6 % decreased in the last day, which increases the probability of its price to decrease by another zero. The MIM coin recently approached a major landline after its failure to keep the momentum while trying Go out.
SHIB’s latest price indicates that the declining pressure is still present because it tried to penetrate the scattered trend line but was quickly rejected. Because of the rejection, SHIB is now again in a declining path, and the pressure pressure increases to stronger as investors lose confidence in the rapid recovery. The additional decrease has become more likely because SHIB resides close to important support.
The psychological level of $ 0.00001,000 may be reached soon if the original decreases to less than 0.00001200 dollars, adding another zero to its price. A major psychological transformation can occur for investors if SHIB continues to decline and support is broken 0.00001200, which may cause it to decrease at a speed of about $ 0.00001,000.
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This would deepen the negative feelings of the original and prolong the declining direction. If SHIB finds short-term support at 0.00001250-0.00001300 dollars, it may go to a standardization stage and settle before trying to break the resistance again. This situation will give the time of accumulation, which may eventually lead to a reflection. SHIB managed to maintain its current level and restore $ 0.00001500 in the best scenario.
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Detach the landfill and the placing of SHIB on a course of about $ 0.00001700 or higher will be the outbreak of the descending trend line. The increasing sale pressure indicates that Shayb is unable to overcome the resistance to a possible continuation of the decrease. If the bulls do not interfere to protect support levels, the Shib manages the risk of decline and zero beating, which will have a significant impact on investor morale.
