The last few days have been ugly, to say the least, for holders of the popular meme-inspired cryptocurrencyShiba Inu (SHIB). After a huge surge of nearly 100% since the beginning of November, the price of SHIB has dropped nearly 23% in the last nine days and recently hit a major support level at around $0.000025 per token.

While not very pleasant at first glance, the price chart of the Shiba Inu token is currently opening up interesting opportunities for SHIB enthusiasts. Considering that the drop did not exceed one-third of the initial pump, this correction can actually be considered healthy for the meme-inspired asset, and the maintenance of a key price support level suggests that this may be a point from which the next round of price appreciation forSHIB will begin.

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There are still large concentrations of liquidity below this support level, especially where the price stopped after the Dec. 10 dump. For now, all eyes are on $0.000025, the importance of which is further confirmed by the 50-day simple moving average, which stretches right across this price point.

However, as previously reported by U.Today, the Bollinger Bands, a popular indicator on financial markets, suggest that the price of theShiba Inu token could drop as low as $0.00002456, where the lower band currently resides. Despite the fact that this may mean another 4.4% drop for SHIB, if the token finds its local bottom here, it may still save the bullish bias, as this will be a higher low than what we saw earlier in December.

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All in all, the pain that SHIB's price action is currently inflicting on its holders may soon end; the only two questions are when and where.

$SHIB



Hello and greetings to all the crypto enthusiasts, ✌

In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Shiba Inu, 📚💡

The SHIB token has been one of the most talked-about assets in the cryptocurrency market in recent years, particularly during the peak of the bull market. At its height, the token saw a dramatic surge in price, fueled by a massive influx of investors and a vibrant community. This surge was amplified by powerful media coverage, which led to substantial capital pouring in over a relatively short period. Investors at various stages of the market were buying into SHIB, and many saw impressive returns. 📚🎇
However, as often happens after such explosive growth, doubt and uncertainty set in before investors could capitalize on their gains. Consequently, the capital became stagnant, much like layers of sediment that settle at the bottom of the ocean.
Despite its current dormancy, SHIB still possesses significant growth potential. To revive this momentum, a fresh wave of investment is necessary. From my experience, I've learned that in both financial markets and life, accepting the ebb and flow of events can bring a new perspective and direction. 📚🙌
Financial markets, much like life, are deeply intertwined with human psychology, and knowing when to cut losses is an invaluable skill.
To summarize the current outlook for SHIB: the token is in a period of consolidation, reflecting typical market cycles. However, with a renewed influx of capital, we could see a significant upward movement in its price. So, reflect carefully on my thoughts, learn from past experiences, and stay mindful of the opportunities ahead. 📚💣

🧨 Our team's main opinion is: 🧨
The SHIB token experienced explosive growth due to strong community support and media attention, but has since stagnated, requiring a new influx of capital to revive its potential. Despite its dormancy, it still holds significant growth prospects, with future price increases possible if fresh investment flows in. 📚💡

Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡

$SHIB



Hello and greetings to all the crypto enthusiasts, ✌

In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Shiba Inu, 📚💡

The SHIB token has been one of the most talked-about assets in the cryptocurrency market in recent years, particularly during the peak of the bull market. At its height, the token saw a dramatic surge in price, fueled by a massive influx of investors and a vibrant community. This surge was amplified by powerful media coverage, which led to substantial capital pouring in over a relatively short period. Investors at various stages of the market were buying into SHIB, and many saw impressive returns. 📚🎇
However, as often happens after such explosive growth, doubt and uncertainty set in before investors could capitalize on their gains. Consequently, the capital became stagnant, much like layers of sediment that settle at the bottom of the ocean.
Despite its current dormancy, SHIB still possesses significant growth potential. To revive this momentum, a fresh wave of investment is necessary. From my experience, I've learned that in both financial markets and life, accepting the ebb and flow of events can bring a new perspective and direction. 📚🙌
Financial markets, much like life, are deeply intertwined with human psychology, and knowing when to cut losses is an invaluable skill.
To summarize the current outlook for SHIB: the token is in a period of consolidation, reflecting typical market cycles. However, with a renewed influx of capital, we could see a significant upward movement in its price. So, reflect carefully on my thoughts, learn from past experiences, and stay mindful of the opportunities ahead. 📚💣

🧨 Our team's main opinion is: 🧨
The SHIB token experienced explosive growth due to strong community support and media attention, but has since stagnated, requiring a new influx of capital to revive its potential. Despite its dormancy, it still holds significant growth prospects, with future price increases possible if fresh investment flows in. 📚💡

Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡

One of the most significant catalysts for Shiba Inu’s ($SHIB

) incredible rally in 2021 was Vitalik Buterin’s massive token burn. The Ethereum$ETH

co-founder received half of SHIB’s supply upon launch. Buterin burnt 90% of the coins he received and donated the rest to charity. His actions led to a substantial drop in supply. SHIB’s demand was high, and the supply dip led to a drastic price spike.

There are still about 589 trillion SHIB tokens in circulation. The high circulating supply is a barrier to SHIB’s price. If the project can reduce its supply and increase demand, we may witness another 2021-like rally. The general market environment also needs to be bullish for SHIB to rally.

The team reportedly works on a new burn mechanism, rumored to burn trillions of tokens yearly. The team has yet to disclose the new burn mechanism’s launch date and inner workings.
#USUALSpotPrediction

🔴Shiba Inu Goes From Billion to 13 Trillion $SHIB : Major Support Ahead..

The crucial 13 trillion SHIB support level is drawing near for Shiba Inu, which could dictate its course in the near future. This level acts as a crucial obstacle for sellers and a possible lifeline for bulls looking to spark a rally. Nonetheless, the overall outlook for SHIB is still cautious, as market indicators show. Shiba Inu has failed to hold above $0.00002800 on the chart, indicating a loss of momentum.
SHIB previously relied on the 26 EMA as support during its uptrend, and this pullback puts it at risk of breaking. The price may drop toward the next crucial levels, which are located around $0.00002249 and $0.00002031, if it closes decisively below the current support. Bulls need to protect these areas of strong psychological and technical support in order to prevent more severe corrections. SHIBUSDT
Additionally, volume has significantly decreased, suggesting that both buyers and sellers are becoming less interested. The asset's difficulties as SHIB works to stabilize are exacerbated by this decline in participation. Without a surge in buying volume, a recovery becomes less likely in the short term, leaving SHIB vulnerable to further downside pressure. If buyers return and SHIB is able to hold the 13 trillion SHIB support, we may witness a relief rally with $0.00003000 as a possible upside resistance.
If this level is broken, it would indicate fresh bullish momentum and return investor sentiment to a positive state. But for the time being, SHIB's price movement is still erratic, so prudence is advised. Overall, the performance of Shiba Inu is also influenced by the state of the market. SHIB may benefit from a slight recovery if sentiment on the cryptocurrency market improves. Until then, investors should closely monitor the 13 trillion SHIB level because its strength will determine SHIB's next significant move.
#shibahitsATH