The popular cryptocurrency Shiba Inu (SHIB) is in a precarious position, as indicated by the Bollinger Bands on the weekly price chart. The Bollinger Bands track price movement around a moving average and indicate market stress. The space between the curves helps traders assess whether an asset is overbought or oversold. After recent volatility, SHIB lost key support at $0.00002 and failed to rise above the 20-day moving average, suggesting a bearish trend. The price remaining below major indicators makes a potential 33% crash likely, with a magnet level at $0.00001251.



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