The article discusses the current struggles of Shiba Inu (SHIB) cryptocurrency as it approaches a death cross formation, where its 50-day exponential moving average is about to cross below the 200-day EMA. This formation indicates a long-term bearish phase and may force SHIB to test lower levels. The next major support at $0.00001450 could be reached if the $0.000016 support does not hold. However, if there is a spike in buying activity and SHIB breaks above $0.000020, the bearish outlook could be disproved and the market may recover. Unfortunately, SHIB's downward trend in recent weeks and its struggles to regain bullish momentum are concerning, especially given the prevailing market uncertainty. A substantial downfall may be inevitable unless there is an unexpected surge in buying pressure.



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