The article discusses the current struggles facing Shiba Inu (SHIB) as it tries to maintain its position amidst a bearish trend. The price of SHIB has undergone a significant drop of 52% in the past two months, reaching its crucial psychological support of $0.0000015. The 50 and 200-day EMA lines are on the verge of a death cross, indicating a bearish continuation. However, there is a possibility of a bullish comeback as daily RSI shows a minor divergence and hints at a potential reclamation of the broken support trendline. The recent correction has led to a significant dumping by Shiba Inu whales, further signaling a potential extended correction. Support levels for SHIB are identified at $0.00001224 and the $0.000010 psychological mark, while key price targets are $0.00001750 and the $200 EMA and $0.000020 psychological level. The increasing volatility in the broader crypto market is expected to impact SHIB's price fluctuations in the near future, with a sharper decline possible if buyers fail to intervene at crucial support levels.



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