The article discusses the current state of Shiba Inu (SHIB), a meme coin that is facing intense selling pressure and a prolonged downtrend. Its price has gradually declined and is struggling to maintain key support levels. The technical indicators, such as the RSI and MACD, suggest a bearish trend that is expected to continue unless there is a significant increase in buying volume. The article warns that if SHIB fails to hold a critical support level, a major crash could occur, potentially causing the price to drop further. While short-term traders may find opportunities at key support zones, long-term holders should wait for bullish confirmations before expecting a sustained uptrend. In the worst-case scenario, SHIB's price could continue to decline, potentially towards zero.
How Much Further Can Bitcoin (BTC) Fall? Analyst Answers, Explains Events That Could Start the Rise!