🚨$SHIB SHIB/USDT Update: Memecoin Under Pressure 🔥
🔻 Current Price: $0.00002221 (-8.45%)
📉 24H Low: $0.00002216 | 24H High: $0.00002432
📊 Volume: 4.25T SHIB
Shiba Inu, the fan-favorite memecoin, is showing strong bearish momentum as it tumbles below key support levels. The price has now slipped beneath the critical EMA(25) and EMA(99) zones, signaling a potential continuation of the downtrend.
Key Levels to Watch:
Immediate Support: $0.00002200
Resistance: $0.00002280 (short-term EMA resistance)
🛠 Potential Scenarios:
1️⃣ Bounce from Support: A reversal from the $0.00002200 support could challenge the $0.00002280 level, offering short-term recovery opportunities.
2️⃣ Bearish Continuation: A breakdown below $0.00002200 may trigger further declines, targeting $0.00002150.
🔥 Pro Tip: With over 4.25T SHIB traded in 24 hours, keep a close eye on whale activity for sudden market moves.
💡 Will SHIB find its footing and reverse, or is this the start of deeper corrections? Share your thoughts and trading strategies!
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