Shiba Inu (SHIB) Plummets 23% in 10 Days: What Happened? 🔥🔥🔥

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Shiba Inu Daily Chart Under Pressure

Shiba Inu price dropped 2.43% to $0.00002568, hitting an all-time low. However, there is still hope for a reversal as it approaches the 50 EMA level.

SHIB Declines After Turmoil

After a rise in November and early December, SHIB has faced turbulent declines, with the price previously near $0.000033, then breaking below the 26 EMA and approaching the 50 EMA support level, increasing bearish pressure.

Possible Recovery or Further Decline

If SHIB stabilizes at the 50 EMA level, a recovery to higher prices may be possible. If it cannot maintain this level, a further decline to the $0.000023 area may occur. A decrease in volume may indicate increased selling pressure, but it may also signal a stabilization period and a potential rebound.

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