The last few days have been challenging for holders of Shiba Inu cryptocurrency, which dropped by 23% after a recent surge. This article examines the support levels and opportunities for investors.
Current Situation with Shiba Inu
Shiba Inu, a meme-inspired cryptocurrency, lost nearly 23% of its value over the past nine days after an impressive rise in November. A major support level is at approximately $0.000025 per token, offering new opportunities for enthusiasts.
Key Support Levels
There remains high liquidity concentration below the current support level. This is confirmed by the 50-day simple moving average crossing the $0.000025 mark. Additionally, the Bollinger Bands suggest a potential drop to $0.00002456.
Potential Scenarios
While the current situation is inconvenient for SHIB holders, it may soon change. The main questions are when and where further growth could occur.
Despite current challenges, Shiba Inu cryptocurrency may soon recover. Investors are closely monitoring the situation, focusing on key support levels.
