📉 Shiba Inu (SHIB) has fallen below the critical $0.000015 support, trading near $0.00001485 with a 5% drop in 24 hours. The downturn aligns with a 66% reduction in token burn rate, now at only 15.1 million SHIB in a day.
📊 RSI hovers near oversold territory (37), signaling possible short-term relief. However, increased selling pressure at the lower Bollinger Band suggests risk remains toward $0.0000135 or lower, potentially retesting $0.000012.
🚀 Despite bearish signals, analyst Javon Marks notes a bullish inverse head-and-shoulders pattern forming, indicating a possible 400% rally to $0.000081 if confirmed.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)