The crypto asset Shiba Inu (SHIB) is facing a potential bearish phase due to its inability to maintain key support levels. SHIB is currently trading below its 200 EMA, which has historically been a strong support level. This breach suggests a possible downward trend. The next important support zone to watch is $0.00001811, and if this level is not recovered soon, further downside action may occur. Resistance levels for SHIB are at $0.00002275 and $0.00002500. However, current momentum indicates obstacles for upward movement, as buying interest is lacking and volume is dropping. The breach of the 200 EMA is a significant development and investors should closely monitor if SHIB can recover or if it will continue to decline. Overall, sentiment for SHIB is pessimistic unless there is a strong catalyst to change market dynamics.
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