CandleFocus Shiba Inu (SHIB) Price on Verge of Breakout or Breakdown: What Might Be Next?
2024-12-09
Author: Content Editor
The crypto market started the week with a downward correction, resulting in a total loss of $161.38 billion. Bitcoin (BTC) accounted for more than 60% of this loss, dropping to $99,000. Altcoins, including Shiba Inu (SHIB), also experienced a significant decline, with SHIB falling below a crucial support level but eventually being brought back above it by buyers. The current situation for SHIB is delicate, with a small percentage potentially impacting market sentiment towards the token. Two scenarios are possible for SHIB: if it holds its current level, it could repeat the success of March and potentially reach a new all-time high. Alternatively, if it breaks a major support level, SHIB could experience a significant drop to $0.000024.
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