CandleFocus Shiba Inu (SHIB) Risks Adding Zero to Its Price After This Move
2025-02-28
Author: Content Editor
The article discusses the current difficulties faced by the crypto asset Shiba Inu (SHIB) in maintaining critical support levels, which puts it at risk of a significant breakdown. The price of SHIB has dropped more than 6% in the last day, raising concerns that it may drop further, potentially adding another zero to its price. The asset recently failed to maintain momentum during a breakout attempt and has faced strong selling pressure. If SHIB falls below $0.00001200, it may reach the psychological level of $0.00001000, deepening negative sentiment and prolonging the bearish trend. However, if SHIB finds short-term support around $0.00001250-$0.00001300, it may stabilize and have a chance of reversing the current trend. A breakout above the descending trendline would invalidate the bearish outlook and potentially lead to a price increase. Without intervention from bulls to protect support levels, SHIB could experience further decline, which would have a significant impact on investor sentiment.
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