The price of Shiba Inu (SHIB) has fallen below a crucial support level, the 200-day exponential moving average (EMA), leading to concerns that it may drop below $0.00001 and add another zero to its valuation. SHIB's price action is currently bearish, with no strong support to prevent further losses. If it continues to decline, it may retest the lows of 2023, which could lead to panic-selling. However, a recovery is still possible if SHIB is able to regain important levels and receive increased buying pressure. The asset's future will be determined in the coming days.



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