Here Are 3 Main Reasons Why Shiba Inu is Down Today🔊🚨♨️

Despite yesterday's recovery attempt, Shiba Inu ($SHIB) is still facing downward pressure amidst ongoing macroeconomic concerns and geopolitical tensions. Here's the latest:

📉 SHIB is down 24% since April 9, currently below the $0.000022 support.

📈 Bitcoin and Ethereum saw a brief recovery yesterday, but bearish sentiment returned today.

💼 Fed officials hint at delaying rate cuts, while GBTC reports $90m outflows.

🌍 Israel's response to Iran triggers renewed market declines.

💥 $70m liquidated in one hour; $166m in 12 hours, 70% from long positions.

💰 SHIB derivatives volume up 6.33%, with most betting on further declines.

📉 SHIB drops 8.5% overnight, still below pivotal 50-day EMA.

📊 SHIB trading within a symmetrical triangle, aiming to break above $0.00003.

Stay informed and stay cautious in this volatile market. Keep an eye on key levels and indicators for potential shifts.