The price of Shiba Inu remained under pressure because it continued to underform other parts of popular memes.
Shiba Inu (Salogner) fell at the level of key support at $ 0.000020, its lowest level since December 20.
There is a risk that the part of SHIB will have a strong downward decomposition as soon as it forms many models of risky graphics.
Shiba Inu is about to form a cross of death
Shiba Inu is about to form a model of death. It was at this time that the weighted mobile averages of 200 days and 50 days intersect. The distance between the two continued to shrink.
SHIB previously formed a death cross on June 20, 2024. The price crashed by more than 40%, from $ 0.000017 to a lower $ 0.000010.
He then formed a golden cross -scheme on October 20, leading to an increase of 80% at the November summit of $ 0.000033,340.
The price of Shiba Inu has also formed a small double high graphic motif, which is characterized by twin peaks and a neckline. The double-syst is $ 0.00002488 and the low-cutting up at $ 0.00001970. Like the cross of death, a double peak is a popular low -cutting model.
Consequently, a clear rupture below the strong, pivotal point, at $ 0.00001788, will indicate more inconvenience. Such a movement points to more drawbacks, the next target being $ 0.0000,0001,192, the ultimate support for Murrey’s mathematical lines.
The burning rate of sombing drops
Shiba Inu falls while the number of addresses continues to drop. According to Intotheblock, new and active addresses have dropped by 27.5% and 25% in the last seven days. This decline has probably occurred because many traders have sold their parts, potentially for the new Solana’s corners of memes Like Fartcoin and Official Trump (ASSET).
Other data show that the daily Shiba Inu burn rate crashed almost 94%. Only 656,468 pieces worth $ 15 was burned on Sunday.
This drop is probably due to the fall of the momentum on Shibarium, its layer of layer 2. According to ShibariumscanThe average transaction costs fell to 0.0001 OS of 0.0003 OS in November. The sum of the OS spent on gas costs has also continued to fall – a sign that the network does not develop.
Several more recent coins have also exceeded the daily volume of Shiba Inu. Its daily volume was $ 160 million, while the Trump official had $ 4.56 billion.
Grassouillant people had $ 188 million, while Fartcoin had $ 226 million. This is a sign that investors are running from oldest coins to the most recent.