Shiba Inu (SHIB), a dog-themed cryptocurrency, is at risk of dropping out of the top 20 cryptocurrencies by market capitalization. It is currently the 20th largest cryptocurrency with a market cap of $7.29 billion. SHIB has been experiencing a decline in value, with a loss of 3.08% in the last 24 hours and a 10.19% decline over the past week. The recent market drop and the emergence of a death cross have contributed to its drop in rankings. In addition, Shiba Inu's profitability has decreased to 36%, with 61% of holders currently losing on their positions. To regain its position and move up in the rankings, SHIB must rally and overcome key resistance levels. This includes a price range where a large amount of SHIB is held by various addresses. Breaking the resistance levels could result in significant gains for SHIB. A move above the daily moving averages of $0.0000161 and $0.0000192 would signal a bullish comeback for SHIB.



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