Shiba Inu Experiences Weekly Price Decline and Support Erosion đ„
Shiba Inu, known as the "Dogecoin killer," has sparked interest in the cryptocurrency market due to a significant price decrease and diminishing burn rates. The popular meme token's fall below crucial support thresholds has prompted worries among traders and investors.
Price Decline and Support Erosion Shiba Inu has followed the broader trend of meme tokens by registering substantial price increases in recent months.
However, a recent drop below the $0.00003 mark has placed the coin in danger of breaching the $0.00002 support level, signaling a bearish sentiment for SHIB.
Shiba Inu Burns:
Analysis Despite the Shiba community burning over 339 million coins in the previous week, the weekly burn volume decreased by 58.96%, indicating SHIB's downward trajectory.
$SHIB
