Since Dogecoin maintains its position above the psychological mark of $ 0.25, Shiba Inu is struggling to preserve its soil.
With intraday refusal by 2.16%, a bear risk compared to a psychological sign by $ 0.000015 grows for Shib. With a higher price deviation and recent rally in the breakdown, is the Shiba is doomed to fall?
Falling wedge and signal of the death cross in the trend of Shib prices
In the daily graphics, the price trend of Shiba Inu shows the bear of the breakdown of the falling pattern of the wedge. Within the framework of a bear pattern, the price of Shiba Inu falls by 52% over the past two months, falls with a recent peak of $ 0,00,00032.
The meme coin is currently as a result of its most important psychological support in the amount of 0.0000015 US dollars. With recent fall, 50 and 200-day EMA lines are on the verge of how the Death Cross event is given. This marks a significant sales signal to the Shiba Inu, projecting the bear continued.
Nevertheless, the bull return in the daily RSI line from the overabundance zone is supplied with a slight divergence. This hints at the possibility that Shiba Inu will restore a broken line of support trend. Nevertheless, a growing sentence can undermine a short -term bull signal from the daily RSI line.
Whale activities and problems with supply
In addition to the proposal, the recent correction led to a huge reset of Shiba Inu Whales. Over the past month, whales by more than 10 million dollars of Shiba Inu fell from $ 19.17 billion to $ 11.68 billion.
This records a mass drop by 39% over the last month. In addition, ownership of 1 to 10 million dollars has shifted from $ 3.16 billion. USA to 2.79 billion dollars. USA. Although this is a relatively smaller drop in ~ 12%, the sale in the market warns of a potential expanded correction in the Shiba Inu.
Key levels of Shiba Inu
Against the background of growing bear signals, Shiba Inu prices emphasize the levels of incoming support of $ 0.00001224 and a psychological sign of $ 0.000010. On the other hand, the key target prices for Shiba Inu are $ 0.00001750, and the psychological level of EMA and $ 0.000020.
The growing volatility on a wider crypto -market can further enhance the fluctuations in the price of Shiba in the coming days. If buyers cannot intervene at decisive support levels, there may be a sharp decrease on the horizon.
