Shiba Inu plunges less than $ 0.0000,15 in the larger market accident. Will the increase in supply drop to $ 0.000010?
While Bitcoin plunges below $ 89,000, the part of the same room is down to $ 55.04 billion. With a global drop of 12.89%, Shiba Inu is down almost 10% in the last hours.
With the growing sales pressure, Shiba Inu is it likely to test the psychological support of $ 0.00000010? Discover.
Shib Price plunges 11.77%: more pain to come?
While the wider market falls, Shiba Inu marks a drop of 11.77% last night. Under the influence of the 20 -day EMA acting as a dynamic resistance, the meme piece extends its downward trend.
After an intra -day drop of 2.27%, Shiba Inu is currently negotiated at $ 0.000013333. The Night Fall of Shiba Inu has marked the lowest closing price since September 18, 2024.
With the increase in down influence, the EMA lines of 100 days and 200 days gave a negative crossing. In addition, the MacD and signal lines also gave a negative crossing.
While Shiba Inu continues to break critical support levels, the price is approaching a descending trend line for potential support. In addition, Fibonacci projections suggest a potential drop to the level of support of 0.0000001078.
Whale titles in the middle of the Shiba Inu Décline
During the recent market accident, Shiba Inu whale assets quickly plunged. According to IntotheblocThe total assets in Shiba Inu whales in USD has dropped considerably during last week.
On February 17, portfolios with a Shiba Inu worth more than $ 100,000 were $ 15 billion. However, with the recent dive, their values crashed at $ 12.98 billion. While the whales flood the market from an excessive supply, the fall in the medal of the same should continue.
Shiba Inu at a crossroads: is $ 0.000010 following?
Consequently, with technical indicators triggering a sales signal and unloading of whales on the market, the price of the Shiba Inu market should retest the psychological brand of 0.00000010.
By giving a little hope, the descending support trend remains the last bullish element for an inversion rally. However, the inversion rally will probably be faced with a resistance near the psychological level of $ 0.0000,15.
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