### 🚨 Shiba Inu (SHIB) Breakout Fails, What's Next? 🚨
Shiba Inu (SHIB) has experienced a bearish breakdown after failing to sustain its price growth in the past 24 hours. As of now, SHIB is down 1.68% to $0.00002553. Here's a breakdown of what's happening and what to expect next.
### Key Points:
- **24-Hour Performance:** SHIB down 1.68% to $0.00002553.
- **30-Day Performance:** Slipped 4.44%, ranging from $0.00002071 to $0.00002796.
- **Trading Volume:** Down 49.39% to $625,802,833. Volume peaked at $1 billion earlier this week.
### What Comes Next:
- **Market Adjustment:** The current price derailment may lead to a natural market correction.
- **Technical Indicators:** Watch for RSI, Bollinger Bands, and other key indicators signaling a potential reversal.
- **Whale Activity:** If whale investors continue accumulating SHIB, a supply crunch could drive the price up.
- **Deflationary Trend:** Regular token burns are positioning SHIB for a long-term rally.
- **Shibarium Launch:** The upcoming Ethereum layer-2 scaling solution aims to boost SHIB's utility and value.
### Midterm Outlook:
SHIB is striving to maintain support around $0.000025 while targeting a reclaim of the $0.00003 level in the midterm.
Stay tuned for more updates and insights on SHIB!
