Cryptocurrency Shiba Inu (SHIB) has seen a decline in its price on 25th April, according to CoinMarketCap. It has plunged by 1.09% within last 24 hours. SHIB Price broke the local support level at $0.00001016 after which it may continue its downward trajectory until the closing of day.

In addition, signs of bearish trend can also be noticed in daily time frame after its false breakout of $0.00001016 level. The estimated fall will continue towards the next crucial zone of $0.000010.

Midterm analysis point towards the level at $0.00001007, in case it falls below this then it is highly likely that SHIB will go down to the nearest support zone at $0.00000965.

At the time of press, SHIB is being traded at the price of $0.00001015. However, for long-term growth investors are recommended to stay vigilant about the price developments of the coin.



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