Shiba Inu Update

SHIB's price drop below the 50 EMA has raised concerns! The sudden decline has pushed SHIB into uncertain territory, with the 200 EMA being the next key support level. Selling volume has increased, and the RSI is hovering above the oversold area, but a rebound is not guaranteed. Bearish moving average crossovers and price trading below all major MAs add to the bearish outlook. SHIB needs a significant uptick to regain momentum and prevent further losses. Watch the 200 EMA for potential support, but be prepared for additional downsides if it breaks. #ShibaInu #SHIB $SHIB #StartInvestingInCrypto