Shiba Inu (SHIB) About to Face Biggest Test of 2024

Shiba Inu on verge of testing out biggest support this year

Shiba Inu is now at a critical moment. The price of SHIB has come down to the $0.000025 level. This is a very important price because it is the strongest support SHIB has reached this year, in 2024. People who invest in SHIB are watching closely because, if the price goes below this level, it could fall even more.

On the price chart, SHIB's current price is around $0.00002664. If the price can maintain above $0.000025, it might mean that SHIB could start to go up again. However, if it breaks down below this support, there is a fear that it could lead to a drop to the 50-day Exponential Moving Average (EMA), which is near $0.00001956. If it falls below that, the price could go even lower, which is worrying.

For growth, $SHIB to stay not just above $0.000025 but also climb back above the 21-day EMA. The 21-day EMA is currently at $0.00002758. If SHIB can go above this line and stay there, the next price we are looking at is around $0.000028, which could show that SHIB is getting stronger again.

$SHIB

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