Shiba Inu ($SHIB ) Faces Critical Support Test: Potential to Add Another Zero

Shiba Inu (SHIB) is currently trading at $0.000015, hovering near a crucial support level. If this level doesn't hold, SHIB could drop further and add another zero to its price, a significant psychological blow for investors.

Recent market pressure has been intense, and SHIB is trading below key moving averages: the 50 EMA at $0.00002179, the 100 EMA at $0.00002131, and the 200 EMA at $0.00001944—all indicating a bearish trend. The RSI is at 26, placing SHIB in oversold territory, yet this may not be enough to prevent further declines.

With only 48% of holders currently profitable, uncertainty is the prevailing sentiment. SHIB's fate hinges on maintaining the $0.000015 support. A break below this level could trigger a sharp drop, adding another zero to its price. Investors should closely monitor Bitcoin's performance and broader market trends, as these factors heavily influence SHIB.

#BinanceTournament #SOFR_Spike #Megadrop #Write2Earn! #ETHETFsApproved