Shiba Inu Coin (SHIB) Shocking Crisis: Recovery Hopeless, Trading Volume Plummets

With a sudden decrease in bullish momentum, traders and investors harbor doubts about its long-term upward trend.

Currently, the trading price of SHIB is approximately $0.00002215, and the previous rebound trend has reversed.

The 100 EMA around $0.00002255 stands like a stronghold, blocking price increases and highlighting a bearish atmosphere. The market lacks confidence in SHIB's rise; its inability to break through this critical level means its recovery efforts are essentially over.

Even more concerning is the significant decline in SHIB's trading volume, which is undoubtedly a clear signal of the market's waning interest. When the rebound falters, the shrinkage of trading volume indicates that market participants are unwilling to lend a hand, making it difficult for prices to regain momentum, turning bullish expectations into bubbles.

Clearly, the speculative fervor for SHIB has greatly diminished, especially since there are currently no market catalysts that could turn the tide, making its subsequent direction increasingly uncertain and worrisome.

Looking ahead, Shiba Inu is expected to find direct support around $0.00002055, which is at the 200 EMA. If this defense line is breached, the price may further dip, approaching the psychological support zone of $0.0001900.

To regain upward momentum and challenge the next resistance level near $0.00002494, SHIB must reclaim the critical 100 EMA level at $0.00002255.

Currently, the overall market is in an expansion phase, and in contrast, Shiba Inu's lackluster performance stands out, highlighting the difficulty of maintaining investor interest.

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