📉 Shiba Inu (SHIB) Struggles Below $0.000017
Shiba Inu (SHIB) plunged below the 78.6% Fibonacci retracement level of $0.000017 on June 24, firmly placing bears in control.
🐻 Bearish Momentum
Despite an attempted recovery on June 25, bullish momentum remains weak. Bears are poised to push the price below $0.000017 again. A successful breach could lead SHIB/USDT to decline towards $0.000014 and potentially $0.000010.
📈 Potential Recovery
For buyers to regain control, they must quickly propel the price back above the breakdown level of $0.000020. This move could pave the way for a rally towards the 50-day SMA ($0.000023).
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