Cryptocurrency on the theme of dogs Shiba Inu (Shib) is at a decisive stage, and ventilation below a key support could lead to a major drop, potentially adding another zero at its price.
At the time of writing the editorial staff, Shib fell 6.44% in the past 24 hours to 0.00001387 after falling at hollows of $ 0.0000,13.
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According to data from IntotheblocShiba Inu is sitting on crucial support, where 77 billions of shib chips were purchased at an average price of $ 0.00001. If Shib does not hold this level, increased sales pressure could reduce its lower price, adding another zero to its price.
Shiba Inu currently oscillates almost an essential price of almost $ 0.000013 which acted as a strong support in September 2024. Price trajectory.
A broader volatility in the cryptography market and weak momentum could contribute to a new drop in Shiba Inu in the coming days. To avoid additional sale, the bulls must defend this level of crucial support and take up the momentum upwards.
The cryptography market faces the sale
Shiba Inu Works strongly late on Monday, reflecting the rest of the cryptography market, and the sale continued until the early Tuesday session. Bitcoin dropped below $ 90,000 during the night, selling pressure in stocks while the cryptography market awaits its next bullish catalyst.
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Other cryptocurrencies have completed, the entire market capitalization of cryptography lowering around 8%. According to Coinglass Statistics, more than $ 1.38 billion in Haussier cryptography posts have been liquidated in the term markets in the last 24 hours.
In the following days, all eyes will monitor the price of the price of the shib; An additional drop could add another zero to its price, while a final break up higher than SMA 50 and 200 approximately $ 0.0000182 and $ 0.0000192 would be the first strength for Bulls.